Group 1 - The core point of the article is that GF Securities (01776) has received approval from the China Securities Regulatory Commission to publicly issue perpetual subordinated corporate bonds with a total face value of up to 20 billion yuan [1] - The first phase of this issuance will involve a maximum scale of 3 billion yuan [1] - The coupon rate for the bonds, after an inquiry among professional institutional investors, has been set at 2.32% within a range of 1.80% to 2.80% [1]

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue perpetual subordinated bonds with a total face value of up to 20 billion RMB [1] Group 1 - The approval is valid for 24 months from the date of registration, allowing the company to issue the bonds in tranches during this period [1] - The company will handle the issuance of the perpetual subordinated bonds in accordance with relevant laws, regulations, and the authorization from the shareholders' meeting [1] - The company is committed to timely information disclosure regarding the issuance process [1]