China Securities unit guarantees $5.10 bn offshore note issuance

China Securities announced that its wholly-owned subsidiary, China Securities International Finance Holdings Company Limited, will provide a guarantee for a 5.10 billion yuan note issuance by CSCIF Hong Kong Limited. CSCIF Hong Kong, an indirect wholly-owned subsidiary of China Securities International, completed the issuance of a 364-day medium-term note on October 8, 2025, under its existing $40 billion offshore medium-term note program. The guarantee covers the principal, interest, and other payment obligations for the 5.10 billion yuan note.

This transaction is part of the company's approved framework for issuing debt financing instruments and providing guarantees. As of the announcement date, China Securities International's total guarantee exposure to CSCIF Hong Kong amounts to 102.70 billion yuan, including this new guarantee. China Securities maintains full ownership through China Securities International, allowing for close monitoring of its solvency.

The total outstanding guarantees provided by China Securities and its controlled subsidiaries amount to 455.70 billion yuan, representing 42.80% of the company's latest audited net assets. Guarantees to controlled subsidiaries specifically total 138.35 billion yuan, or 12.99% of net assets. The company has no overdue guarantees.