During the 2026 Shanghai-listed companies collective investor reception and interim results briefing held on September 16, Bank Of Communications Co.,Ltd. (BANKCOMM) Executive Director and Deputy President Zhou Wanfu addressed investor queries, stating that the bank's equity investment arm primarily focuses on debt-to-equity swaps and related support services. Under regulatory guidance, this subsidiary conducts equity investment operations in a compliant and prudent manner, fulfilling its core mandate of market-oriented debt-to-equity conversions while leveraging the new policy framework for equity investment pilots.

Zhou elaborated that the subsidiary selects investments in priority industries and high-quality enterprises, adhering to the group's unified risk management standards to ensure robust risk control. This approach aligns with the evolving regulatory environment, allowing the bank to explore expanded roles in equity financing while maintaining disciplined oversight.