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In order to implement the requirements of the “Notice of the Ministry of Finance, the People’s Bank of China and the China Securities Regulatory Commission on Matters concerning Standardized Implementation of Asset Securitization for Public-Private Partnership (PPP) Projects” (Cai Jin [2017] No. 55 Document), further advance the asset securitization business for PPP projects and improve the capacity for serving the real economy, the Shanghai Stock Exchange (SSE), according to relevant rules in the “Provisions on Administration of Asset Securitization Business at Securities Companies and Subsidiaries of Fund Management Companies”, the “SSE Guidelines for Asset Securitization Business” and the “SSE Guidelines for Business of Confirming Qualification for Asset-backed Securities’ Listing”, hereby announces the related matters as follows:
1. The SSE encourages and supports PPP project companies, shareholders of the project companies, other entities related to the project companies and related intermediaries in actively carrying out the asset securitization business for the PPP projects according to law. All the relevant parties shall be diligent, strictly abide by the codes of practice and the regulatory requirements, so as to ensure the sound operation of the business, protect the interests of investors and maintain the market stability.
2. For the projects recommended by the departments of finance at the provincial level, the projects funded by the China PPP Support Fund and other qualified PPP projects of high quality, the SSE will improve the efficiency in acceptance, review, listing and transferring by implementing the measure of “immediate review upon application, and special personnel in special post taking the responsibility”. The feedback opinions will be issued for the applying projects within 5 trading days after the acceptance, and the working group meeting will be held within three trading days after the manager replies and submits the confirmation to the opinions, so as to decide whether the application meets the requirements for listing. Special personnel in special post will take charge of the relevant work in the stage of project listing, in a bid to improve the efficiency of the listing process.
3. Liaisons of the SSE Working Group for Asset Securitization of PPP Projects
Project Review: He Ruixiao, Tel: 021-50186162; Xu Chengzhi, Tel: 021-50185671; Hu Shuangli, Tel: 021-50185107;
Market Promotion: Tang Yi, Tel: 021-50186311; Liu Shaojun, Tel: 021-50496510;
Email for Asset Securitization Business: sseabs@sse.com.cn.
