On May 23rd, the special corporate bond of Shenzhen Investment Holding Co., Ltd. for serving the Guangdong-Hong Kong-Macao Greater Bay Area was successfully launched on Shenzhen Stock Exchange (SZSE), which marks the official landing of the first of its kind in serving the bay area. This is SZSE's significant exploration in earnestly implementing the Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Plan. It will exert positive effect on playing the role of the capital market in serving the real economy and propelling the quality development of the Greater Bay Area.
A wholly state-owned limited liability company established upon the approval of SASAC Shenzhen, Shenzhen Investment Holding Co., Ltd. principally engages in financial services, science park construction and operation, and physical industry investment. The newly issued bond amounts to CNY1 billion in scale and has a duration of 3+2 years, interest rate of 3.72% and subscription ratio of 3.77 times. Its raised funds will be all used in the project development and construction of Shenzhen Area of Shenzhen-Hong Kong Special Cooperation Zone for Technological Innovation. The projects in Shenzhen Area mainly centers on such strategic industries as biological medicine, artificial intelligence, financial technology and smart cities to facilitate the coordinated interconnection of Shenzhen and Hong Kong technological industries and build a new development engine of Guangdong-Hong Kong-Macao Greater Bay Area.
For such special corporate bonds of serving the Greater Bay Area, SZSE implements the pragmatic measures of examination upon declaration, dedicated personnel handling and special review to improve review efficiency, enhance service quality and let the SZSE bond market play an active role in the Greater Bay Area construction. SZSE will continue to consolidate direct financing abilities, perfect fundamental institutions, enrich fixed-income product systems, and elevate the level of serving technological innovation, thus creating a sound financing environment for supporting the construction of a first-class bay area.
