Securities companies issued nearly 300 billion yuan in bonds in August, hitting a new high for the year, driven by the increase in demand for "blood transfusion" from proprietary and margin financing businesses.

With the A-share market continuing to improve, the demand for securities firms to issue bonds for "blood replenishment" is increasing. According to Wind data, securities firms saw a wave of financing in August, with the size and number of bond issuances reaching new highs for the year. In September, the pace of bond issuance has not slowed down, with several top securities firms receiving regulatory approval for bond issuance plans worth hundreds of billions of yuan. In response to this, securities analysts interviewed by reporters stated that the recent active issuance of bonds by securities firms is a strategic move taken under the combined push of active market trading, low interest costs, policy encouragement, as well as the development of proprietary trading, margin trading, and debt structure adjustment needs.