Jing Ji Guan Cha Wang·2026-02-12 11:18Core Viewpoint - China Galaxy Securities has received regulatory approval for multiple bond issuance quotas, which may be adjusted based on market conditions [1] Group 1: Company Project Advancement - China Galaxy has been approved to publicly issue corporate bonds with a total face value not exceeding 30 billion yuan, valid for 24 months starting from January 13, 2026 [2] - The company has also been approved to issue subordinated bonds not exceeding 20 billion yuan, valid for 24 months starting from February 4, 2026 [2] - These approvals allow the company to issue bonds in phases within the validity period to supplement operational or liquidity needs, with specific issuance timing and scale to be announced later [2] Group 2: Company Business Status - The company continues to expand in the cross-border mergers and acquisitions sector, with multiple projects underway in Southeast Asia, although specific timelines have not been disclosed [3] - The company needs to monitor industry policy dynamics, such as the impact of capital market reforms on brokerage stocks [3]