Shenwan Hongyuan completes RMB 2.5 bn subordinated bond offering

Shenwan Hongyuan Securities Co., Ltd. completed the issuance of its 2025 public offering of subordinated bonds (Tranche 2) to professional investors on November 13, 2025. This issuance is part of a larger approval from the China Securities Regulatory Commission allowing the company to issue subordinated bonds with a total face value not exceeding RMB 200 billion to professional investors.

The second tranche of the bond issuance achieved a total scale of RMB 2.5 billion. It comprises two tranches: Tranche 1, with an issuance size of RMB 1.8 billion, a 3-year term, and a coupon rate of 2.00%; and Tranche 2, with an issuance size of RMB 700 million, a 5-year term, and a coupon rate of 2.15%.

Following the registration of these bonds, they are expected to be listed for trading on the Shenzhen Stock Exchange. This announcement was made by the board of directors of Shenwan Hongyuan Group Co., Ltd. on November 14, 2025.