East Money: Subsidiary East Money Securities is approved to publicly issue up to 20 billion yuan subordinated corporate bonds.

The announcement from East Money Information stated that its subsidiary, East Money Securities, has received approval from the China Securities Regulatory Commission to publicly issue no more than 20 billion yuan in subordinated corporate bonds to professional investors. The approval is valid for 24 months from the date of registration, during which East Money Securities may issue the bonds in installments.