Guosen Securities issues bonds, subsidiary expands cross-border asset management

Guosen Securities Co., Ltd. announced the successful issuance of its 2025 perpetual subordinated bonds (Tranche 4) to professional investors, totaling 3 bn yuan. The bonds, with a coupon rate of 2.50% and an oversubscription of 2.15 times, were issued from October 16-17, 2025. Southern Asset Management Co., Ltd., a related party, subscribed to 0.1 bn yuan of these bonds.

In a related development, Guosen Securities’ subsidiary, Wanhe Securities Co., Ltd., received approval from the Hainan Regulatory Bureau of the China Securities Regulatory Commission on October 18, 2025. This approval enables Wanhe Securities to participate in cross-border asset management pilot programs within the Hainan Free Trade Port.

This expansion aligns with Wanhe Securities’ commitment to strict compliance with anti-money laundering and anti-terrorist financing obligations, active management responsibilities, and robust risk control measures to protect investor interests in its new cross-border asset management initiatives.