长城证券：公开发行不超过50亿元次级债获监管批复

Group 1 - The core point of the article is that Changcheng Securities has received approval from the China Securities Regulatory Commission to publicly issue subordinated bonds with a total face value of up to 5 billion yuan [1] - The approval allows the company to issue the bonds to professional investors within a validity period of 24 months from the date of approval [1] - The company can issue the subordinated bonds in multiple tranches during the registration validity period [1]