中国基金报·2025-10-14 14:57Core 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 - On October 14, China Galaxy announced the approval for the issuance of short-term corporate bonds, which can be issued in tranches within a 24-month validity period [1]. - The stock price of China Galaxy rose by 0.34% to 17.80 yuan per share on October 14, with a year-to-date increase of 18.23% [4]. Group 2: Industry Trends - In 2023, securities firms have been actively issuing bonds, with several firms recently obtaining bond issuance quotas. For instance, Industrial Securities received approval for up to 20 billion yuan in corporate bonds, while Zhongyuan Securities was approved for 1.2 billion yuan in subordinated bonds [6]. - 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, marking a year-on-year increase of 70.23% [7]. - The increase in financing demand among securities firms is attributed to a significant recovery in the equity market and active trading, alongside a low interest rate environment that makes bond financing more attractive [8].