Shenwan Hongyuan Securities' 2025 subordinated bonds begin trading on SZSE

Shenwan Hongyuan Securities Co., Ltd., a subsidiary of Shenwan Hongyuan Group, announced the listing of its 2025 public issuance of subordinated bonds (tranche 2) on the Shenzhen Stock Exchange. The issuance, completed on November 13, 2025, raised a total of RMB 2.5 billion.

The bond issuance comprises two varieties: Variety 1, with an issuance size of RMB 1.8 billion, a 3-year term, and a coupon rate of 2.00%; and Variety 2, with an issuance size of RMB 0.7 billion, a 5-year term, and a coupon rate of 2.15%. These bonds are designated for trading among institutional investors within the professional investor segment.

Following approval from the Shenzhen Stock Exchange, trading for these bonds commenced on November 19, 2025. Variety 1 is known as "25 Shenzheng C3" with bond code "524526," while Variety 2 is referred to as "25 Shenzheng C4" with bond code "524527." Further details were published on November 15, 2025, in various financial news outlets and on www.cninfo.com.cn.