Shenwan Hongyuan Securities raises 4bn yuan, gets 40bn approval

Shenwan Hongyuan Securities raised 4 billion yuan through short-term corporate bonds in July, comprising 1.5 billion yuan in 60-day bonds at 1.60% and 2.5 billion yuan in 123-day bonds at 1.65%.

The China Securities Regulatory Commission separately approved the firm's registration to issue up to 20 billion yuan in corporate bonds and 20 billion yuan in subordinated bonds to professional investors over the next 24 months.