招商证券：关于间接全资子公司为全资子公司提供担保的公告

Group 1 - The core point of the article is that China Merchants Securities announced a bank credit agreement with China Merchants Bank Hong Kong, involving a guarantee from its wholly-owned subsidiary, CM Securities International [2] - The guarantee amount set for CM Securities International by CM Securities Hong Kong is up to 500 million Hong Kong dollars [2] - The effective date of the guarantee is August 12, 2025 [2]