Ge Long Hui·2025-09-16 13:47Core Viewpoint - Shenwan Hongyuan Securities Co., Ltd. has received approval to publicly issue subordinated bonds totaling up to RMB 20 billion to professional investors [1] Group 1: Bond Issuance Details - The company completed the issuance of subordinated bonds on September 15, 2025, with a total issuance scale of RMB 3 billion [1] - The first type of bond has an issuance scale of RMB 2 billion, a term of 3 years, and a coupon rate of 2.15% [1] - The second type of bond has an issuance scale of RMB 1 billion, a term of 5 years, and a coupon rate of 2.24% [1] Group 2: Regulatory Approval - The issuance is based on the approval from the China Securities Regulatory Commission, allowing the company to issue subordinated bonds to professional investors [1] - The approval reference number is 2025-1557 [1] Group 3: Listing Information - The bonds are expected to be listed and traded on the Shenzhen Stock Exchange after registration is completed [1]