China securities unit issues notes, backed by guarantee

China Securities (SSE:601066) announced its indirect wholly-owned subsidiary, CSCIF Hong Kong Limited, has issued medium-term notes valued at RMB 500 million (approximately $70 million USD) under its existing medium-term note program. The notes, with a term of 364 days, are guaranteed by China Securities' wholly-owned subsidiary, China Securities International Finance Holding Co., Ltd. Following this issuance, the total guarantee amount provided by China Securities International for CSCIF Hong Kong Limited stands at RMB 3.36 billion. The issuance and guarantee are within the scope authorized by the company's board and shareholders. The company states that the guarantee risk is controllable and will not harm the interests of the company or its shareholders.