Standard & Poor's: China Guangfa Bank intends to issue Hong Kong dollar exchangeable bonds with a "BBB+" issue rating.

On November 3, Standard & Poor's assigned a "BBB+" issue rating to the Hong Kong dollar-denominated senior unsecured exchangeable bonds planned to be issued by Guotai Junan Holdings Ltd. ("Guotai Junan Holdings"). The issue rating is subject to Standard & Poor's review of the final issuance documents.