CSC (06066) has announced that it recently obtained approval from the China Securities Regulatory Commission (CSRC) for its public offering of corporate bonds to qualified investors. According to the approval document, the CSRC has agreed to the company's application to issue these bonds publicly. The total face value of corporate bonds with a term exceeding one year shall not exceed RMB 60 billion, while the outstanding balance of short-term corporate bonds shall not exceed RMB 20 billion. This approval is valid for 24 months from the date of issuance, during which the company may issue the bonds in multiple tranches.