Guosen Securities gets nod for short-term bond issuance

Guosen Securities Company Limited recently announced it has obtained approval from the China Securities Regulatory Commission (CSRC) for the registration of its public issuance of short-term corporate bonds to professional investors. The approval permits the company to issue short-term corporate bonds with an aggregate face value not exceeding 150 bn yuan.

The company is required to issue these bonds in strict accordance with the prospectus submitted to the Shenzhen Stock Exchange. The registration approval is valid for 24 months from the date of consent, allowing Guosen Securities to issue the short-term corporate bonds in tranches within this period.

Guosen Securities also affirmed its commitment to promptly report any significant events occurring between the registration approval date and the conclusion of the short-term corporate bond issuance. The company will manage the issuance in compliance with relevant laws, regulations, the CSRC's approval document, and the authorization from its shareholders' meeting, while fulfilling its information disclosure obligations in a timely manner.