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CITIC Securities and China Merchants Securities have successfully concluded the bookbuilding process for the inaugural batch of renewed bond issues by securities firms on the SSE. Notably, the renewed issue sizes of 25CITICG1 and 25CMSS5 amount to RMB 2 billion and RMB 1.5 billion, respectively, elevating their total bond sizes to RMB 4 billion and RMB 4.2 billion post-renewal. This milestone signifies the successful conclusion of the first wave of renewed bond issues by securities firms on the SSE. Additionally, it is reported that several high-quality central and state-owned enterprises are actively preparing for the renewal of their existing corporate bonds, anticipated to be launched in succession in the near future, heralding a gradual emergence of a demonstrative effect.
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