国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Listed companies allowed to issue corporate bonds

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-08-15 11:52

Related readings:

 First corporate bond lined up
 Corporate bond issuance may hit 100b yuan this year
 China approves record corporate bond issue
 Listed companies must disclose securities investments

Listed companies, including those listed on the Shanghai, Shenzhen, or overseas markets, are now allowed to issue corporate bonds on a trial basis, according to a new rule released by the China Securities Regulatory Commission (CSRC) yesterday, the Shanghai Securities News reported today.

The rule signals the official start of China's corporate bond issuance and is important in expanding enterprises' financing channels, improving financial market, enriching securities investment tools, and boosting harmonious development of the capital market.

The CSRC said potential issuers must have sound credit ratings and their average annual distributable profits in the recent three accounting years must be equal to at least one year's interest that the company would pay on the proposed bond issue.

Furthermore, the value of outstanding bonds after the proposed issuance should not exceed 40 percent of the company's net assets at the end of the latest accounting year, according to the rule.

The regulator is also planning to issue a series of auxiliary measures covering issuance applications, prospectuses, bondholders' meetings, and custody agreements.

Statistics from listed companies and sponsors show that three kinds of companies, public facilities such as electricity power and transportation, real estate developers, and high-performance small- and medium-sized companies, are more interested in corporate bond issuance.

China Yangtze Power Co is expected to issue the first corporate bonds with a total issuance of 8 billion yuan (US$1.06 billion).

Currently, only a handful of large State-owned enterprises approved by the National Development and Reform Commission can issue such bonds. The price and amount of bonds issued are to be decided by the commission, and the State commercial banks are also required to underwrite the bonds.

Just 283.1 billion yuan of corporate bonds had been issued by the end of last year, accounting for only 1.35 percent of gross domestic product, far lower than the 40 percent in the United States and 17 percent in the Republic of Korea.


(For more biz stories, please visit Industry Updates)



阳高县| 泌阳县| 拜泉县| 木兰县| 唐海县| 米脂县| 义马市| 新民市| 巴青县| 灌阳县| 黑河市| 汶川县| 张家港市| 明水县| 泾川县| 梧州市| 鄂托克前旗| 泽州县| 临湘市| 佛学| 阳江市| 屯留县| 万盛区| 大名县| 湖南省| 碌曲县| 仪征市| 蕉岭县| 阿图什市| 诸暨市| 白玉县| 澎湖县| 华容县| 乃东县| 高邑县| 溧水县| 新密市| 开平市| 丹寨县| 渭南市| 屏东县|