Changjiang Securities to issue bonds for tech innovation, debt repayment

Changjiang Securities Co., Ltd. has received approval to issue up to CNY 200 billion in corporate bonds to professional investors in 2025. The first tranche, not exceeding CNY 10 billion, will be named "Changjiang Securities Co., Ltd. 2025 Public Issuance of Science and Technology Innovation Corporate Bonds (Second Tranche)."

The bonds will have a five-year term with an indicative interest rate range of 1.60%-2.60%. The final coupon rate will be determined through a book-building process on November 26, 2025. At least 70% of the net proceeds will fund technology innovation initiatives, with the remainder repaying interest-bearing debts.

As of June 30, 2025, Changjiang Securities reported net assets of CNY 405.24 billion and an asset-liability ratio of 64.73%. The company holds a strong credit rating of AAA.