Core Points - CITIC Securities (601066) has announced the issuance of perpetual subordinated bonds not exceeding RMB 20 billion [1] - The Shanghai Stock Exchange has approved the issuance, and it has been registered with the China Securities Regulatory Commission under license number 〔2025〕1336 [1] - The bonds will be issued in tranches, with the first tranche amounting to no more than RMB 3 billion [1]

Group 1 - The core point of the article is that China International Capital Corporation (CICC) has successfully completed the issuance of perpetual subordinated bonds aimed at professional investors, with a total issuance size of 3 billion yuan and a coupon rate of 2.23% [1] - The bond issuance was well-received, achieving a subscription multiple of 3.22 times, indicating strong demand from investors [1]