Circular of the Shenzhen Stock Exchange on Matters relating to the Pilot Program on the Public Issuance of Short-term Corporate Bonds
Circular of the Shenzhen Stock Exchange on Matters relating to the Pilot Program on the Public Issuance of Short-term Corporate Bonds
Circular of the Shenzhen Stock Exchange on Matters relating to the Pilot Program on the Public Issuance of Short-term Corporate Bonds
Shen Zheng Shang [2020] No.429
May 21, 2020
All market players,
In order to further expand the financing channels of enterprises, reduce financing costs, and meet the needs of corporate liquidity management, the matters relating to the pilot program on the public issuance of short-term corporate bonds are hereby notified as follows in accordance with such laws and regulations as the Securities Law and the Administrative Measures for the Issuance and Trading of Corporate Bonds (the "Administrative Measures for Corporate Bonds") issued by the China Securities Regulatory Commission, and related business rules of the Shenzhen Stock Exchange (SZSE).
I. For the purpose of the Circular, publicly issued short-term corporate bonds refer to corporate bonds publicly issued in accordance with the Securities Law, the Administrative Measures for Corporate Bonds and related rules, with a term of no longer than one year and the specific term to be determined by the issuer in light of its capital needs for production and operations and the market situation.
II. During the pilot period, an issuer that intends to publicly issue short-term corporate bonds to professional investors and have them listed on the SZSE shall have good capacity for debt repayment in the short term and meet any one of the following conditions:
1.
......
Shen Zheng Shang [2020] No.429
May 21, 2020
All market players,
In order to further expand the financing channels of enterprises, reduce financing costs, and meet the needs of corporate liquidity management, the matters relating to the pilot program on the public issuance of short-term corporate bonds are hereby notified as follows in accordance with such laws and regulations as the Securities Law and the Administrative Measures for the Issuance and Trading of Corporate Bonds (the "Administrative Measures for Corporate Bonds") issued by the China Securities Regulatory Commission, and related business rules of the Shenzhen Stock Exchange (SZSE).
I. For the purpose of the Circular, publicly issued short-term corporate bonds refer to corporate bonds publicly issued in accordance with the Securities Law, the Administrative Measures for Corporate Bonds and related rules, with a term of no longer than one year and the specific term to be determined by the issuer in light of its capital needs for production and operations and the market situation.
II. During the pilot period, an issuer that intends to publicly issue short-term corporate bonds to professional investors and have them listed on the SZSE shall have good capacity for debt repayment in the short term and meet any one of the following conditions:
1.
......