Market rumor said local city and rural commercial banks must obtain a local
government 'recommendation' to enter the regulatory approval channel for capital
supplementary bond issuance. Insiders say this is a misreading: local
governments, as shareholders, are only asked to issue a routine acknowledgment
confirming awareness of the issuance and of possible write‑down triggers; the
document is not a recommendation and does not imply a government backstop.
