Movement Alert|China Galaxy Securities Rises 3.14% in Regular Trading, Approved to Issue Up to 50 Billion Yuan Corporate Bonds

Market Focus07-20

On July 20, China Galaxy Securities rose 3.14% in regular trading, reaching HKD 7.56 per share, with turnover of approximately HKD 44.76 million.

On the news front, the company recently received approval from the China Securities Regulatory Commission to publicly issue corporate bonds with a total face value of no more than RMB 50 billion to professional investors. The approval is valid for 24 months from the date of registration and allows phased issuance. This substantial bond quota significantly strengthens the company's refinancing capacity and provides ample room for supplementing working capital.

Notably, China Galaxy had already completed its fifth tranche of corporate bonds earlier in July, raising RMB 5.8 billion at favorable rates of 1.60% for the two-year tranche and 1.67% for the three-year tranche, demonstrating strong market demand for its debt instruments. The broader Investment Banking and Brokerage sector also traded higher, with CITIC Securities up 3.75%, CICC up 3.14%, HTSC up 2.34%, and Guotai Junan International up 1.95%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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