BoCom redeems RMB 30 billion bonds while Changjiang keeps Buy on Bank of Comms stock

Published on 10/14/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of Comms stock was at EUR 0.98 on October 14, 2026. The bank retired RMB 30 billion bonds on September 28, 2026, at par.

Capital structure and earnings signals

Bank of Communications announced the redemption of RMB 30 billion bonds on September 29, 2026.
Changjiang Securities projected first-half 2026 revenue growth of 6.70 percent on September 23, 2026.
Bank of Comms stock traded at EUR 0.98 at 9:46 a.m. CEST at Lang & Schwarz on October 14, 2026.

Bank of Comms, CNE100000205, Illustration mit AI erstellt.

Bank of Communications stock was at EUR 0.98 at Lang & Schwarz on October 14, 2026, at 9:46 a.m. CEST. Bank of Communications announced on September 29, 2026, that it had exercised its redemption right for RMB 30 billion of 2021 Tier 2 capital bonds, while Changjiang Securities maintained a Buy rating on September 23, 2026.

Three dated signals for investors

On September 23, 2026, Futunn reported that Changjiang Securities maintained its Buy rating. The research cited first-half 2026 revenue growth of 6.70 percent and net profit attributable to shareholders growth of 4.00 percent, with second-quarter revenue growth of 8.60 percent.

On September 28, 2026, Longbridge reported that the bank had fully redeemed the RMB 30 billion 10-year Tier 2 bonds at par. The bonds were issued in 2021 and reached the fifth interest-bearing year in September 2026.

On September 29, 2026, the bank's official investor-relations announcement confirmed the exercise of the redemption right for the 2021 Tier 2 capital bonds, according to Bank of Communications.

What does the redemption change?

Redeeming the bonds removes this layer of subordinated funding from the bank's capital structure. The immediate signal is balance-sheet management rather than a change in operating guidance, so the earnings comparison remains central: the first-half 2026 revenue increase of 6.70 percent exceeded the first-quarter growth rate of 4.90 percent cited in the Changjiang report.

The same report put 2026 price-to-book ratios at 0.56 times for the A shares and 0.52 times for the H shares, with expected dividend yields of 4.60 percent and 5.00 percent. It also identified retail asset quality as a risk that could affect valuation recovery.

Bond dates set the timeline

The bonds reached their fifth interest-bearing year on September 27, 2026, and payment was deferred to September 28, 2026, because the first date was a non-business day, according to Longbridge. The official announcement followed on September 29, 2026, giving the capital action a clear three-day sequence.

Bank of Comms stock at EUR 0.98

Bank of Comms stock traded at EUR 0.98 at Lang & Schwarz on October 14, 2026, at 9:46 a.m. CEST. The bid was EUR 0.97 and the ask was EUR 0.99. The Hong Kong listing was last at HKD 8.64 at 3:42 p.m. HKT on October 14, 2026, while the market capitalization stood at HKD 763.5 billion.

The further course of trading is shown by the continuously updated real-time quote of Bank of Comms stock.