Sino-Singapore Jingwei, May 27th, according to the website of the Shanghai Stock Exchange, it will simplify the review process of high-quality projects, improve the efficiency of high-quality maturecorporate bondfinancing, and help the high-quality development of thebond market. Today, the ShanghaiStock Exchangereleased the "Shanghai Stock Exchange Corporate Bond Issuance and Listing" Guidelines for the Application of Review Rules No. 6 - Optimizing Review of Well-known Mature Issuers (hereinafter referred to as the Guidelines for Optimizing Review of Well-known Mature Issuers).
The Shanghai Stock Exchange said that since it launched the optimized financing review system for well-known mature issuers in 2018, it has helped a large number of high-quality central enterprises, local state-owned enterprises and high-quality private entities to make full use of the financing convenience of theexchange bondmarket, effectively supporting the development of the real economy.The formulation of the "Guidelines for Optimizing Review of Well-known Mature Issuers" is an institutional arrangement for the SSE to further adapt to the market situation, serve market needs, and better support high-quality enterprises in bond financing.
The Guidelines for Optimizing Review of Well-known Mature Issuers regulates the identification and optimization of well-known mature issuers in two aspects, mainly including the following:
The first is to improve the identification standards for well-known and mature issuers, simplify some identification indicators, expand the scope of high-quality enterprises, and provide special support for enterprises with leading positions in key supporting industries.
The second is to enhance the support for the project review of well-known mature issuers. In addition to retaining the existingconvenience measures such as the rapid review of public offerings, direct filing and issuance ofprivate placements , and the preparation of issuance documents for the consolidated application of multiple types of bonds, it will further simplify document signatures andfinancial reportdisclosure .and other requirements, to facilitate high-quality issuers to carry out bond financing.
The third is to set up a dynamic adjustment mechanism to dynamically match the review mechanism according to the changes in the issuer's qualifications, and encourage enterprises to actively explore their own advantages and make good use of the full system support.
"Since the implementation of the registration system for corporate bond review, under the guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange has done a good job of market services, promoted the improvement of the system and mechanism, and took multiple measures to support well-known mature companies to better utilize the bond market to facilitate financing." The Shanghai Stock Exchange said that the next step will be The exchange will continue to improve various systems and measures, create a more favorable environment for high-quality enterprises to realize low-cost, convenient and efficient bond financing, attract leading enterprises in various industries to join hands to promote the quality and expansion of the bond market on the Shanghai Stock Exchange, and develop with the concept of high-quality development. Jointly promote the construction of the bond market and help the real economy flourish.(Sino-Singapore Jingwei APP)
