CITIC Securities unit issues notes, backed by subsidiary guarantee

CITIC Securities announced that its indirect wholly-owned subsidiary, CSI MTN Limited, issued $1.7 million in medium-term notes under its existing program. This issuance is guaranteed by CITIC Securities International, a wholly-owned subsidiary.

The transaction, effective August 29, 2025, brings CSI MTN Limited's total outstanding notes under the program to $3.23 billion. This falls within the scope of debt financing authorizations previously approved by the board and shareholders.

The company's latest half-year report, approved on August 28, 2025, revealed a net profit attributable to shareholders of RMB13.72 billion for the first half of 2025, a 29.80% increase year-over-year. The report also details a proposed cash dividend of RMB0.29 per 10 shares (tax inclusive) for the first half of 2025, totaling RMB4.30 billion, which will be submitted for shareholder approval.

An accounting policy change, effective January 1, 2025, reclassifies standard warehouse receipt trading income from operating revenue to investment income, with no impact on net profit or assets. Total guarantees from CITIC Securities and its controlled subsidiaries amount to RMB164.98 billion, with RMB156.48 billion directly or indirectly supporting entities with debt-to-asset ratios exceeding 70%.