Dongxing Securities wins approval for 25bn yuan debt issuances

Dongxing Securities Co announced regulatory approval for two major debt issuances totaling up to 25 billion yuan.

The company received approval for perpetual subordinated corporate bonds worth up to 5 billion yuan and separate corporate bonds not exceeding 20 billion yuan, both targeting professional investors.

Both approvals are valid for 24 months, allowing phased issuance. The announcements follow the successful redemption of the company's 1 billion yuan short-term financing bonds issued in July 2024.