China Galaxy may issue up to RMB 30 billion subordinated bonds

By Marisa Wong

Los Angeles, June 21 – China Galaxy Securities Co., Ltd. said the China Securities Regulatory Commission has approved its application to register up to RMB 30 billion of subordinated corporate bonds.

The bonds would be publicly issued to professional investors and may be offered in tranches within the 24-month period of having obtained regulatory approval.

The brokerage is based in Beijing.

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