Securities Firms Issued 1.68 Trillion Yuan in Bonds This Year, Up Nearly 30% Year-on-Year

Bond financing by securities firms has continued to heat up this year. According to Wind data, as of publication, the domestic bond issuance volume of securities firms reached 1.68 trillion yuan, a year-on-year increase of 28.24%. Among them, Guotai Junan Securities, Haitong Securities, CITIC Securities, and CICC have all exceeded 100 billion yuan in domestic bond issuance this year. Industry insiders believe that amid active market trading and expansion of capital-intensive businesses, the demand for securities firms' bond issuance has risen, while the low-interest rate environment has provided a window for them to reduce financing costs.