申万宏源(06806)：申万宏源证券2025年面向专业投资者公开发行公司债券和次级债券获得中国证监会同意注册批复

Group 1 - The core announcement is that Shenwan Hongyuan Securities has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue corporate bonds and subordinated bonds to professional investors [1] - The total face value for the corporate bonds is capped at 20 billion yuan, and the same limit applies to the subordinated bonds [1] - The approval is valid for 24 months from the date of registration approval, which is July 25, 2025 [1]