综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

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)



通城县| 仲巴县| 灵山县| 电白县| 明星| 梁平县| 兴化市| 肥西县| 白河县| 河北区| 迁安市| 巴塘县| 普兰店市| 哈尔滨市| 阿拉善左旗| 博兴县| 玛多县| 郯城县| 临漳县| 广宁县| 淮南市| 龙口市| 津市市| 兴义市| 西畴县| 抚顺市| 涟水县| 微山县| 鹤山市| 麻江县| 京山县| 叶城县| 金平| 宁强县| 洱源县| 古田县| 南宁市| 五华县| 西林县| 新和县| 历史|