Guotai Haitong issued a maximum of 15 billion yuan of sci-tech innovation bonds, which received approval from the China Securities Regulatory Commission.

On June 18, Guotai Haitong announced that it had recently received approval from the China Securities Regulatory Commission ("CSRC") for the registration of the issuance of technology innovation corporate bonds to professional investors. The approval allows the company to publicly issue up to 15 billion yuan worth of technology innovation corporate bonds to professional investors. The approval is valid for 24 months from the date of registration by the CSRC, and the company can issue the bonds in installments during the registration validity period.