The Bank was approved to issue the first batch of financial bonds in the country. In light of a resolution approved by the General Shareholders’ Meeting held on September 21, 2005, and upon the approval with the Reply of the People’s Bank of China on Industrial Bank’s Issuing of Financial Bonds (YF[2005]No.77) and the Reply of CBRC on Industrial Bank’s Issuing of Financial Bonds (YJF[2005]No.253), the Bank was to issue the first tranche of three-year financial bonds(not more than RMB 10 billion) in the way of bookkeeping filing in the national inter-bank bond market on October 25, 2005.