China Merchants Securities gets green light for bond issuance

China Merchants Securities (SSE:600999) has received a "no objection" letter from the Shanghai Stock Exchange (SSE) regarding its non-public issuance of corporate bonds. The SSE confirmed that the company's proposed bond issuance, targeting professional investors and totaling no more than 20 billion yuan, meets the requirements for listing and transfer on the exchange. The "no objection" letter is valid for 12 months from the date of issuance, during which China Merchants Securities can issue the bonds in tranches within the approved limit and proceed with listing and transfer procedures. The company stated it will comply with relevant laws and regulations, the requirements outlined in the "no objection" letter, and shareholder authorizations to manage the bond issuance and fulfill its information disclosure responsibilities.