CICC (03908) has announced that it has received official approval from the China Securities Regulatory Commission (CSRC) for its public issuance of corporate bonds to professional investors. The approval, documented in the CSRC's official reply (No. 2083, 2026), permits the company to proceed with the registered offering of corporate bonds with a total face value of up to RMB 80 billion.

According to the announcement, the regulatory green light allows CICC to issue these bonds in multiple tranches over a 24-month validity period, which begins from the date of approval. This strategic move provides the company with flexibility to access the capital markets as needed within the specified timeframe, aligning with its broader financing and operational objectives.

The approval marks a significant step for CICC in diversifying its funding sources, enabling the company to optimize its capital structure while catering to the investment needs of professional investors in the domestic bond market.