China Galaxy receives approval to issue up to RMB 6 billion of notes

Chicago, Sept. 23 – China Galaxy Securities Co., Ltd. announced that the company has received approval to issue up to RMB 6 billion of bonds by the People’s Bank of China, according to a notice.

The bonds may be issued within one year from the date of issuance of the affirmative decision of administration license.

The shareholders of the company had previously met and authorized the board to issue debt financing not to exceed 350% of the net capital of the company.

The brokerage is based in Beijing.

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