China Securities unit to issue RMB206m notes

China Securities announced that its indirect wholly-owned subsidiary, CSCIF Hong Kong Limited, will issue RMB 206 million (approximately $28.6 million USD) in notes under an existing medium-term note program. The issuance is guaranteed by China Securities' wholly-owned subsidiary, China Securities (International) Financial Holdings Co., Ltd. This guarantee increases the total guarantee amount provided by the subsidiary to RMB 206 million. The notes, issued on February 18, 2025, have a term of 359 days. CSCIF Hong Kong Limited's asset-liability ratio exceeds 70%, but China Securities maintains that the associated risks are controllable due to its indirect 100% ownership. The medium-term note program has a total potential value of $4 billion USD.