Ge Long Hui·2026-01-08 13:19Core Viewpoint - China International Capital Corporation (CICC) has received approval from the China Securities Regulatory Commission to publicly issue perpetual subordinated bonds up to 20 billion yuan, indicating a strategic move to enhance its capital structure and funding capabilities [1] Group 1: Bond Issuance Details - The bond issuance is targeted at professional investors, with a total issuance scale for the first phase set at no more than 3 billion yuan [1] - The coupon rate for the bonds is in the range of 1.90% to 2.90%, with the final rate determined at 2.38% based on investor inquiries [1] - The underwriting of the bonds is handled by Huatai United Securities and Industrial Securities [1] Group 2: Regulatory Approval - The issuance has been approved under the regulatory document numbered 2025-2290 by the China Securities Regulatory Commission [1]