Gelonghui, May 13 | May 10, Shoucheng Holdings (0697.HK) successfully issued the first issue of Panda Medium-Term Notes by Firstrade Holdings, with an issuance scale of 500 million yuan, a period of 3 years, and a coupon interest rate of only 2.50%. The overall subscription ratio was 3.8 times, and the marginal multiplier reached 1.5 times. The market response was very enthusiastic. According to reports, since first obtaining an AAA rating from a domestic entity in August 2023, Shoucheng Holdings has been actively preparing to issue domestic bonds. This issuance is the company's first public appearance in the domestic bond market, and the issuance price has also set a new low issuance price for overseas enterprises in Beijing during the same period. Shoucheng Holdings' issuance of panda bonds this time was a complete success, reflecting the capital market's full recognition of Shoucheng Holdings' operating conditions, credit status, and future solvency, and marks that Shoucheng Holdings has initially formed a bond product issuance system in the domestic bond market. For Shoucheng Holdings, issuing panda bonds is also a win-win financing strategy for the company. On the one hand, it provides strong financial support for the development of the company's infrastructure business in China. On the other hand, it can also enhance the company's market position and brand image, and further promote the high-quality development of the company's business.