日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

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)



主站蜘蛛池模板: 久久人人视频 | 日韩在线观看一区二区三区 | 久久精品一 | www.久久久久久 | 日韩一区二区三区不卡 | 在线性视频 | 日本五十熟hd丰满 | 四虎成人精品永久免费av九九 | 日本不卡视频一区二区 | 亚洲午夜伦理 | 五月婷婷激情视频 | 手机看片1024日韩 | 99精品一区二区三区 | 国产网站免费看 | caoporn人人 | 国产成人小视频 | 亚洲免费一级片 | 91午夜理伦私人影院 | 国产精品视频网站 | 亚洲狠狠 | 一级黄色片欧美 | 狠狠插狠狠插 | 欧美一级特黄aaaaaa在线看片 | 国产微拍精品一区 | 午夜看片在线 | 奇米久久久 | 国产www色| 日韩一区在线视频 | 国产毛片在线视频 | 丁香六月色 | 久久伊人草 | 天天操婷婷 | 国产精品久久久久精 | 成人在线高清 | 免费在线观看国产精品 | av久草| 久久99久久99精品免观看粉嫩 | 在线国产小视频 | 亚洲色中色 | 国产八区| 黄色av国产 |