Sending the latest signal about corporate bonds, the China Securities Regulatory Commission is weighing heavily! Involving Xiong'an Corporate Bonds | Project | China Securities Regulatory Commission
On June 6th, the China Securities Regulatory Commission (CSRC) website reported that the CSRC has recently completed the registration procedures and issued registration approvals for seven corporate bond projects in accordance with the law.
It is reported that this batch of corporate bonds includes three high-quality corporate bond projects, two general corporate bond projects, and two special corporate bond projects. The total planned fundraising is about 18 billion yuan, mainly invested in industries such as thermal and gas projects, transportation, industrial parks, new urbanization, resettlement housing construction, and civil engineering. This includes the registration notice for China Xiongan Group to issue high-quality corporate bonds worth 4.5 billion yuan.
Experts say that the review, registration, and issuance of corporate bonds are all operating normally. The relevant application situation has also remained generally stable, with a similar number of applications compared to the same period in previous years, conveying the latest signal of normal progress in the review and registration of corporate bond projects.
Steadily promoting the acceptance and review of corporate bonds
On April 21, the China Securities Regulatory Commission and the National Development and Reform Commission issued a notice on the transition period work arrangement for the transfer of audit responsibilities for enterprise bond issuance, and the China Securities Regulatory Commission will fulfill the registration responsibilities for enterprise bond issuance. Subsequently, various policies were successively introduced to steadily promote the review and registration of corporate bond issuance.
Subsequently, the China Securities Regulatory Commission issued the first batch of corporate bond registration approvals on April 23. The first batch of corporate bond issuance plans to raise a total of 54.2 billion yuan, mainly for investment in industries such as transportation, industrial parks, new urbanization, resettlement housing construction, integrated development of rural industries, 5G smart cities, and comprehensive governance of the ecological environment.
At present, the acceptance, review, registration, and issuance of corporate bonds are all operating normally. Several market insiders have stated that the China Securities Regulatory Commission (CSRC) adheres to the principle of stability and guides the Central Settlement and Dealers Association to actively organize issuers and intermediary institutions to update the prospectus and other documents in conjunction with the 2022 annual report, steadily promoting the acceptance, review, registration, and issuance services of corporate bonds, and sending a positive signal to the market to "stabilize financing and growth", timely stabilizing market expectations.
"A while ago, due to the need to supplement and update the annual report in the fundraising documents, no projects were able to submit for registration in mid to early May. This time, the China Securities Regulatory Commission issued another approval document for corporate bonds, indicating that the projects under review for corporate bonds have begun to be submitted for registration in an orderly manner, and the existing projects have gradually been digested. The review and registration work has entered a normal operation state," said market participants.
The reporter learned that the approval issued this time includes a registration notice for China Xiongan Group to issue high-quality corporate bonds worth 4.5 billion yuan, and the raised funds are intended to be used for projects that comply with national industrial policies such as heat and gas.
It is reported that in order to implement the strategic deployment of the Central Committee of the Communist Party of China and the State Council on the construction of Xiong'an New Area, the China Securities Regulatory Commission and audit institutions have actively coordinated and provided services, guided intermediary institutions to improve relevant documents and fulfill internal procedures as soon as possible in accordance with regulations, accelerated the promotion of relevant audit and registration work, and held a registration meeting to review and issue approval documents as soon as possible after supplementing and updating the annual report information in the fundraising documents, actively playing the important role of corporate bonds in serving the construction of Xiong'an New Area.
The declared quantity is equivalent to previous years
According to statistics, since the announcement was released, there have been 63 new reserved acceptance projects for corporate bonds, with a total planned fundraising of over 80 billion yuan. Market insiders have stated that the application situation is generally stable, and the number of applications is basically equivalent to the same period in previous years.
Specifically, among the above-mentioned projects, there are 1 high-quality corporate bond project, 37 general corporate bond projects, and 25 special corporate bond projects, mainly distributed in provinces such as Jiangsu, Anhui, and Zhejiang. More than 80% of the bonds have a debt rating of AAA.
In addition, insiders from China Securities News have learned that since the announcement was released, a total of 29.8 billion yuan of corporate bonds have been issued, and an additional 17.6 billion yuan of corporate bonds have completed relevant procedures and are planned to be issued in the near future. The funds raised will mainly be invested in industrial parks, infrastructure, and affordable housing construction.
It is understood that regulatory authorities will continue to deeply study and implement the spirit of the 20th National Congress of the Communist Party of China on "improving the functions of the capital market and increasing the proportion of direct financing", steadily promote the review and registration of corporate bond issuance, strengthen supervision and risk prevention, promote the smooth operation of the corporate bond market, fully leverage the important role of corporate bonds in supporting national major strategies, building modern industrial systems, and better serve the overall situation of high-quality development and stable growth of the real economy.
