Principals from the Shenzhen Stock Exchange (SZSE) expressed that the SZSE has been endeavoring to boost development of bonds market, optimize capital market, promote liability financing through corporate bonds, extend financing channels, improve company liability structure and provide diversified investment choices for defined benefit products for investors. And the SZSE will focus on establishment of a new transaction platform beside all kinds of services for investors in the near future.
In view of new bonds’ weakness to meet demands in the market, the SZSE developed many new offering modes to provide more choices for issuers such as online public offering, offline deployment and etc.
To ensure successful issuance of corporate bonds, the SZSE urges issuers and undertakers to acquire market information and work out products that could meet needs from different investors, and to publicize their products actively through the market. They should also explore more investors via combined online and offline offering to guarantee smooth transaction, and keep upgrading the new platform to cater for different demands.
The SZSE welcomes institutions with regulated operation to join hands with the SZSE to work on innovation of defined benefit products in compliance with the trends and market needs of the securities market in China. Qualified undertakers with complete interior controlling system will be given municipal-level certification and are encouraged to launch defined benefit products in a bid to help market liquidity.
Principals noted that the SZSE would strictly scrutinize the market with focus on information disclosure. Special attention will be placed on corporate structure management, destination of capital investment, changes of macro economy and etc. Issuers are required to promptly disclose information on any cases that would affect dividend distribution of corporate bonds in order to protect investors’ right.
