Great Wall Securities issues new bonds, shareholder boosts stake

Great Wall Securities Co., Ltd. is issuing corporate bonds (third tranche) to professional investors in 2025, with a total face value not exceeding CNY 2 bn. The bonds are split into two tranches: "25 Great Wall 05" (2-year term) and "25 Great Wall 06" (3-year term). The issuance price is CNY 100 per bond, with interest rates set between 1.4%–2.4% for the first tranche and 1.5%–2.5% for the second. The funds will be used to repay maturing debt.

The bond issuance is rated AAA by China Lianhe Credit Rating Co., Ltd., which also affirmed Great Wall Securities' corporate credit rating at AAA with a stable outlook. This indicates a very strong ability to repay debts.

Concurrently, Great Wall Securities' controlling shareholder, Huaneng Capital Services Co., Ltd., completed a shareholding increase. Between April 9, 2025, and October 9, 2025, Huaneng Capital acquired 6,370,900 shares of Great Wall Securities through centralized bidding on the Shenzhen Stock Exchange, representing 0.16% of the company's total share capital. The total value of this acquisition was CNY 50,170,714. Following this, Huaneng Capital's stake in Great Wall Securities increased to 46.53%.