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China Galaxy Securities Co ( (HK:6881) ) has provided an update.
China Galaxy Securities has obtained approval from the China Securities Regulatory Commission to register and issue up to RMB20 billion in subordinated bonds to professional investors, with the authorization valid for 24 months and allowing issuance in multiple tranches. The planned subordinated bond issuance is expected to strengthen the company’s capital base and funding flexibility, potentially enhancing its capacity to expand securities operations and maintain regulatory capital adequacy, with the firm committing to comply with relevant regulations and ongoing disclosure requirements.
The most recent analyst rating on (HK:6881) stock is a Buy with a HK$13.99 price target. To see the full list of analyst forecasts on China Galaxy Securities Co stock, see the HK:6881 Stock Forecast page.
More about China Galaxy Securities Co
China Galaxy Securities Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong and operates in the securities industry, providing investment and brokerage services to professional and institutional investors in China and overseas markets.
Average Trading Volume: 22,955,273
Current Market Cap: HK$161B
For a thorough assessment of 6881 stock, go to TipRanks’ Stock Analysis page.