The Shanghai Stock Exchange recently held a symposium on supporting private companies’ bond issuance and listened to their opinions and suggestions on optimizing the mechanism for supporting their’bond issuance and guiding financial sources to precisely support the private companies’ development, according to a statement released by the exchange on Friday.
The exchange pledge to support private private companies’ bond financing, guide them to make good use of financing tools such as technology innovation bonds, green corporate bonds, REITs, etc, deepen the implementation of the mechanism to provide credit enhancement service to private firms’ bond issuance and improve the mechanism for financing risk-sharing and promote high-quality development of the private economy.
The Chinese government has been making intensive calls for promoting the private economy’s development. Earlier this week, the State Council, the country’s cabinet, published a set of policy guidelines aimed at stepping up support for private businesses in an effort to bolster economic recovery. Read more …
On July 18, the National Development and Reform Commission (NDRC), China’s top economic planner, held a meeting with private companies, the third such meeting within a month, to learn about their business situation and difficulties and vowed to address their concerns.
On July 14, the National Association of Financial Market Institutional Investors (NAFMII), a self-regulatory body of China’s interbank market, on Thursday held a symposium with private companies on expanding private companies bond financing and promoting their’ healthy and sustained development. Read more …
