Fitch Affirms CGS' Long-Term IDRs, SSRs With Stable Outlook

MT Newswires Live06-29

Fitch Ratings affirmed China Galaxy Securities' (HKG:6881, SHA:601881) long-term issuer default ratings and shareholder support ratings or SSRs at BBB+, with a stable outlook, the ratings firm said in a commentary on June 26.

The securities broker's Hong Kong shares rose 2% during Monday's afternoon trade.

The ratings firm's affirmation is based on the company's expected "extraordinary support" from its ultimate controlling shareholder, Central Huijin, in the event of stress, as well as government support for Central Huijin that would flow through the company. The stable outlook reflects the "extraordinary parental support" that will stay in the medium term.

The long-term IDRs and SSRs of the company's subsidiary, CGS International Holdings, were also affirmed at bbb+. The long-term IDRs of Singaporean units, CGS International Securities and CGS International Securities Singapore, were upgraded to BBB from BBB-, while their SSRs were also upgraded to bbb from bbb-. Their outlook is stable.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2647480325?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-29 14:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2647480325","market":"nz","top_or_hot":-1,"title":"Fitch Affirms CGS' Long-Term IDRs, SSRs With Stable Outlook","media":"MT Newswires Live","content":"<html><body><p> Fitch Ratings affirmed <a href=\"https://laohu8.com/S/CGXYF\">China Galaxy Securities</a>' (HKG:6881, SHA:601881) long-term issuer default ratings and shareholder support ratings or SSRs at BBB+, with a stable outlook, the ratings firm said in a commentary on June 26.</p><p>The securities broker's Hong Kong shares rose 2% during Monday's afternoon trade.</p><p>The ratings firm's affirmation is based on the company's expected \"extraordinary support\" from its ultimate controlling shareholder, Central Huijin, in the event of stress, as well as government support for Central Huijin that would flow through the company. The stable outlook reflects the \"extraordinary parental support\" that will stay in the medium term.</p><p>The long-term IDRs and SSRs of the company's subsidiary, CGS International Holdings, were also affirmed at bbb+. The long-term IDRs of Singaporean units, CGS International Securities and CGS International Securities Singapore, were upgraded to BBB from BBB-, while their SSRs were also upgraded to bbb from bbb-. Their outlook is stable.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fitch Affirms CGS' Long-Term IDRs, SSRs With Stable Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFitch Affirms CGS' Long-Term IDRs, SSRs With Stable Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-29 14:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fitch Ratings affirmed <a href=\"https://laohu8.com/S/CGXYF\">China Galaxy Securities</a>' (HKG:6881, SHA:601881) long-term issuer default ratings and shareholder support ratings or SSRs at BBB+, with a stable outlook, the ratings firm said in a commentary on June 26.</p><p>The securities broker's Hong Kong shares rose 2% during Monday's afternoon trade.</p><p>The ratings firm's affirmation is based on the company's expected \"extraordinary support\" from its ultimate controlling shareholder, Central Huijin, in the event of stress, as well as government support for Central Huijin that would flow through the company. The stable outlook reflects the \"extraordinary parental support\" that will stay in the medium term.</p><p>The long-term IDRs and SSRs of the company's subsidiary, CGS International Holdings, were also affirmed at bbb+. The long-term IDRs of Singaporean units, CGS International Securities and CGS International Securities Singapore, were upgraded to BBB from BBB-, while their SSRs were also upgraded to bbb from bbb-. Their outlook is stable.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1147","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2647480325","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647480325","pubTimestamp":1782714392,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fitch Ratings affirmed China Galaxy Securities'  long-term issuer default ratings and shareholder support ratings or SSRs at BBB+, with a stable outlook, the ratings firm said in a commentary on June 26.The securities broker's Hong Kong shares rose 2% during Monday's afternoon trade.The ratings firm's affirmation is based on the company's expected \"extraordinary support\" from its ultimate controlling shareholder, Central Huijin, in the event of stress, as well as government support for Central Huijin that would flow through the company. The stable outlook reflects the \"extraordinary parental support\" that will stay in the medium term.The long-term IDRs and SSRs of the company's subsidiary, CGS International Holdings, were also affirmed at bbb+. The long-term IDRs of Singaporean units, CGS International Securities and CGS International Securities Singapore, were upgraded to BBB from BBB-, while their SSRs were also upgraded to bbb from bbb-. Their outlook is stable.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601881":"中国银河","BK1147":"投资银行业与经纪业","06881":"中国银河","BK1564":"中资券商股","BK0276":"资本市场","BK0188":"融资融券"},"translate_title":"惠誉确认银河集团的长期IDR和SSR，前景稳定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601881":0.9,"06881":1.5},"content_text":"Fitch Ratings affirmed China Galaxy Securities' (HKG:6881, SHA:601881) long-term issuer default ratings and shareholder support ratings or SSRs at BBB+, with a stable outlook, the ratings firm said in a commentary on June 26.The securities broker's Hong Kong shares rose 2% during Monday's afternoon trade.The ratings firm's affirmation is based on the company's expected \"extraordinary support\" from its ultimate controlling shareholder, Central Huijin, in the event of stress, as well as government support for Central Huijin that would flow through the company. The stable outlook reflects the \"extraordinary parental support\" that will stay in the medium term.The long-term IDRs and SSRs of the company's subsidiary, CGS International Holdings, were also affirmed at bbb+. The long-term IDRs of Singaporean units, CGS International Securities and CGS International Securities Singapore, were upgraded to BBB from BBB-, while their SSRs were also upgraded to bbb from bbb-. Their outlook is stable.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647480325","isCrawlerRequest":true}