Huatai Securities gets CSRC nod for perpetual bond issuance

Huatai Securities Co., Ltd. announced today that it has received approval from the China Securities Regulatory Commission (CSRC) for the registration of its public offering of perpetual subordinated corporate bonds to professional investors. The approval permits the company to issue bonds with a total face value not exceeding CNY 200 bn.

The CSRC's approval is valid for 24 months from the registration date, allowing Huatai Securities to issue these perpetual subordinated corporate bonds in tranches within this period.

The company's board of directors is mandated to handle all relevant matters concerning this issuance in accordance with applicable laws, regulations, and the requirements of the registration document, while also ensuring timely information disclosure.