Trillion-dollar bond issuance tide compounded with credit rating upgrades, securities firms vigorously seek financing for transformation.

Choice data shows that as of June 26, a total of 61 securities firms have issued 521 bonds within the year, with a total issued amount exceeding 1.22 trillion yuan, representing a year-on-year growth of over 131% compared to the same period last year when the total was 527.498 billion yuan. The securities financing has entered a concentrated window period, with the issuance scale of bonds breaking through the trillion-yuan mark within the year, leading firms continue to expand their advantage. At the same time, several securities firms have received credit rating upgrades for their subordinated bonds, with market recognition of industry capital strength and operating quality. Under multiple drivers of business upgrading and M&A integration, broadening capital supplementation channels has become a core focus for securities firms to ensure stable operation and expand development.