China Galaxy Securities to issue RMB15 bn in short-term corporate bonds

China Galaxy Securities Co. today announced it received approval from the China Securities Regulatory Commission to register short-term corporate bonds. This approval permits the company to publicly issue bonds with a nominal value balance of up to RMB15 billion to professional investors. The approval is valid for 24 months, allowing China Galaxy Securities to issue these bonds in tranches throughout this period.

The company will proceed with the issuance in accordance with relevant laws and regulations, as well as authorization from its general meeting. China Galaxy Securities is committed to fulfilling its information disclosure obligations in a timely manner.

As of the announcement date, Wang Sheng serves as chairman and executive director. The executive directors include Wang Sheng and Xue Jun (vice chairman and president). Non-executive directors are Yang Tijun, Li Hui, Huang Yan, and Song Weigang. Independent non-executive directors are Law Cheuk Kin Stephen, Liu Li, Ma Zhiming, and Fan Xiaoyun.