Fitch: Assigns Chang Xing Bank's issuance of 2.133 billion RMB AT1 capital securities a final rating of "BB-"

On September 22, Fitch Ratings awarded Chong Hing Bank Limited (referred to as "Chong Hing Bank") a BBB/stable/bbb rating for its issuance of 2.133 billion Renminbi of AT1 capital securities that comply with Basel III standards with a final rating of BB-. The AT1 securities will be issued on September 23, 2025, under Chong Hing Bank's $2 billion medium-term note and perpetual capital securities program and listed on the Hong Kong Stock Exchange. The proceeds from the issuance will be used to strengthen the bank's capital base and provide funding for its business development.