---
title: "Securities firms issued nearly 300 billion yuan in bonds in August, setting a new high for the year, driven by self-operated and margin financing business, leading to a surge in \"blood replenishment\" demand"
description: "In August, securities firms issued nearly 300 billion yuan in bonds, setting a new high for the year, reflecting the surge in \"blood replenishment\" demand amid an active market and low interest rate e"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/257257447.md"
published_at: "2025-09-14T18:15:38.000Z"
---

# Securities firms issued nearly 300 billion yuan in bonds in August, setting a new high for the year, driven by self-operated and margin financing business, leading to a surge in "blood replenishment" demand

> In August, securities firms issued nearly 300 billion yuan in bonds, setting a new high for the year, reflecting the surge in "blood replenishment" demand amid an active market and low interest rate environment. Several leading securities firms' bond issuance plans received regulatory approval, and analysts pointed out that this is a strategic move driven by market activity, policy encouragement, and the development of proprietary and margin financing businesses

As the A-share market continues to improve, the demand for brokerages to issue bonds for "blood replenishment" is rising sharply. According to Wind data, brokerages experienced a wave of financing in August, with both the scale and number of bond issuances reaching new highs for the year. Entering September, the pace of bond issuance has not slowed down, with several leading brokerages recently obtaining regulatory approval for bond issuance plans amounting to hundreds of billions. In response, interviewed brokerage analysts stated that the recent active bond issuance by brokerages is a strategic move driven by the active market trading, low interest costs, policy encouragement, and the need for development in proprietary trading, margin financing, and debt structure adjustment

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Swiss Firmup Launches as a Prop Firm Focused on Transparent Futures Trading | Swiss Firmup Launches as a Prop Firm Focused on Transparent Futures Trading | [Link](https://longbridge.com/en/news/276062106.md) |
| Systematic Tsunami: BofA says there could be $130bn of selling this week | Done & dusted?JPM prime brokerage says that the selling and gross reduction over the past 4 weeks is very close to prior | [Link](https://longbridge.com/en/news/276004585.md) |
| Waymo Suffers Blow After NY State Rescinds Provisions for Robotaxi Expansion | Waymo Suffers Blow After NY State Rescinds Provisions for Robotaxi Expansion | [Link](https://longbridge.com/en/news/276441421.md) |
| Himalaya Food International Announces Strategic U.S. Expansion Through Official Product Registration With US Foods | Himalaya Food International Ltd :HIMALAYA FOOD INTERNATIONAL - ANNOUNCES STRATEGIC U.S. EXPANSION THROUGH OFFICIAL PRODU | [Link](https://longbridge.com/en/news/276220273.md) |
| German Defense Ministry Says 'No Concrete Plans' to Purchase More Lockheed Martin F-35 Jets | German Defense Ministry Says 'No Concrete Plans' to Purchase More Lockheed Martin F-35 Jets | [Link](https://longbridge.com/en/news/276443665.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.