Huatai Securities (601688.SH) announced that it has obtained approval from the China Securities Regulatory Commission (CSRC) for the public issuance of perpetual subordinated corporate bonds to professional investors. According to the regulatory filing, the CSRC has granted approval for the company to issue up to RMB 20 billion in perpetual subordinated bonds. The approval remains valid for 24 months from the date of issuance, during which Huatai Securities may conduct the bond offering in multiple tranches.