Core Viewpoint - Shenwan Hongyuan Securities Co., Ltd. has successfully completed the issuance of subordinated bonds aimed at professional investors, with a total issuance scale of RMB 2.5 billion [1] Group 1: Bond Issuance Details - The total issuance scale of the bonds is RMB 2.5 billion [1] - The first type of bonds has an issuance scale of RMB 1.8 billion, a term of 3 years, and a coupon rate of 2.00% [1] - The second type of bonds has an issuance scale of RMB 0.7 billion, a term of 5 years, and a coupon rate of 2.15% [1] Group 2: Listing Information - The bonds are expected to be listed and traded on the Shenzhen Stock Exchange after registration is completed [1]