Changjiang Securities Co., Ltd.
(Address: No. 88 Huaihai Road, Jianghan District, Wuhan City, Hubei Province)
Announcement of Public Offering of Subordinated Bonds to Professional Investors in 2026 (Phase II)
Lead Underwriter, Bookrunner: CITIC Securities (North Tower, Excellence Times Square (Phase II), No. 8, Central Third Road, Futian District, Shenzhen City, Guangdong Province)
Joint Lead Underwriters, Bookrunner: China Securities (Building 4, No. 66 Anli Road, Chaoyang District, Beijing)
Joint Lead Underwriters, Bond Trustee: HUATAI UNITED SECURITIES (Unit 401, Building B7, Qianhai Shenzhen-Hong Kong Cooperation Fund Town, No. 128 Guiwan Fifth Road, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen City)
Joint Lead Underwriter: CHANGJIANG FINANCING SERVICES CO., LIMITED (Units 302-1, 302-2, 303-3, No. 128 North Zhangjiabang Road, China (Shanghai) Pilot Free Trade Zone)
Date of Signing: June 3, 2026
The issuer and the board of directors of the company guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement and undertake joint liability for any false representations or material omissions.
Important Notes
-
Changjiang Securities Co., Ltd. (hereinafter referred to as the "Issuer" or the "Company") has obtained the approval from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") for the public offering of subordinated bonds (hereinafter referred to as the "Bonds") to professional investors, with a total issuance size not exceeding RMB 5 billion (including RMB 5 billion) (Approval No.: Zhengjian Xuke (2026) 840). The approval is valid until April 13, 2028, and the payment deadline for this issuance shall not be later than the expiration date of the approval. The total issuance amount under this approval shall not exceed the approved scale.
-
The Bonds are issued in tranches. The 2026 Public Offering of Subordinated Bonds to Professional Investors (Phase II) by Changjiang Securities Co., Ltd. (hereinafter referred to as the "Bonds") is the second issuance under the registration document, with an issuance size not exceeding RMB 2 billion (including RMB 2 billion). Each bond has a face value of RMB 100, and the issuance price is RMB 100 per bond. The term of the Bonds is 5 years.
-
According to the credit rating by Lianhe Ratings Co., Ltd., the Issuer's主体 (entity) credit rating is AAA, with a stable outlook. The Bonds have not been assigned a debt credit rating. During the term of the Bonds, the rating agency will conduct an annual surveillance rating of the Issuer's entity.
As of the end of December 2025, the Issuer's net assets were RMB 42.019 billion (total owner's equity in the consolidated financial statements). The average annual distributable profit for the Issuer in the last three fiscal years was RMB 2.360 billion (average net profit attributable to parent company owners in the consolidated financial statements for 2023, 2024, and 2025). This is expected to be no less than 1 times the annual interest of the Bonds, meeting the requirement of Article 15(2) of the Securities Law that "the average distributable profit in the last three years is sufficient to pay one year's interest on the company's bonds."
As of the date of this issuance announcement, the Issuer has a sound and well-operating organizational structure, a reasonable asset-liability structure, and normal cash flow. There have been no defaults or delays in payment of principal and interest on previously issued corporate bonds or other debts. There have been no violations of the Securities Law regarding the change of use of proceeds from publicly issued corporate bonds.
- The indicative range for the coupon rate of the Bonds is 1.50%-2.50%. The final coupon rate will be determined by the Issuer and the lead underwriter through offline inquiry and book-building, in accordance with relevant national regulations within the indicative range.