Zhong Guo Ji Jin Bao·2025-10-14 14:56Core Viewpoint - China Galaxy Securities has received approval from the China Securities Regulatory Commission (CSRC) to issue short-term corporate bonds with a total face value of up to 15 billion yuan [1] Group 1: Company Actions - China Galaxy announced the approval for the issuance of short-term corporate bonds, which can be issued in tranches within a validity period of 24 months from the date of approval [1] - The stock price of China Galaxy increased by 0.34% to 17.80 yuan per share, with a year-to-date increase of 18.23% [3] Group 2: Industry Trends - The bond issuance activity among securities firms has been robust this year, with several firms receiving bond issuance quotas [5] - As of October 14, 2023, the total number of bonds issued by securities firms in China reached 708, with a total issuance scale of 1.29 trillion yuan, representing a year-on-year increase of 70.23% [5] - Major firms like Huatai Securities and China Galaxy have issued bonds exceeding 100 billion yuan, with respective issuance scales of 110.4 billion yuan and 107.9 billion yuan [5] - The current low-interest-rate environment has encouraged securities firms to opt for bond financing due to lower costs [6]