Sou Hu Cai Jing·2025-05-18 17:18Core Viewpoint - On May 16, 2025, Huatai Securities (601688) closed at 16.93 yuan, down 1.46%, with a turnover rate of 0.7% and a trading volume of 512,100 shares, amounting to a transaction value of 867 million yuan [1]. Trading Information Summary - On May 16, the capital flow for Huatai Securities indicated a net outflow of 31.32 million yuan from institutional investors, while retail investors saw net inflows of 16.10 million yuan and 15.22 million yuan respectively [2][4]. Company Announcement Summary - Huatai Securities announced that its wholly-owned subsidiary, Huatai International Financial Holdings Limited, issued five medium-term notes under a plan established on October 27, 2020, with a total principal amount of up to 3 billion USD. The issuance on May 16, 2025, included three notes of 50 million USD each and two notes of 7 million USD each, with a total guarantee amount of 1.181 billion yuan [2][4]. - The subsidiary, Huatai International Financial Company, is registered in the British Virgin Islands as a special purpose vehicle (SPV) and has not conducted any business activities since its establishment. The company has a debt-to-asset ratio exceeding 70%, but Huatai International holds 100% ownership, allowing it to monitor its debt repayment capacity, indicating manageable guarantee risks. The issuance aims to support business development and supplement daily operational funding needs [2][4]. - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries was 34.178 billion yuan, all of which were guarantees for subsidiaries. The total guarantee amount for controlled subsidiaries was 32.224 billion yuan, with no overdue guarantee debts reported [2].