Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Industry

Shanghai bourse nods Hubei firms for RMB1.8 bln corporate bonds issuance plan amid epidemic

February 18, 2020


Abstract : The Shanghai Stock Exchange (SSE) has approved bond issuance totaling 1.8 billion yuan as of February 14 by two companies based in central China's Hubei Province, the epicenter of the novel coronavirus pneumonia, announced SSE on Monday.

BEIJING, Feb. 18 (Xinhua) -- The Shanghai Stock Exchange (SSE) has approved bond issuance with planned financing totaling 1.8 billion yuan as of February 14 by two companies based in central China's Hubei Province, the epicenter of the novel coronavirus pneumonia, announced SSE on Monday.

It is learned that one of the firms is the A-share listed Wuhan DDMC Culture & Sports Co., Ltd. (600136.SH) headquarteded in Wuhan, capital ciy of Hubei, with applied non-public corporate bonds not exceeding 600 million yuan which will be used for company development.

According to SSE, since the outbreak of the epidemic, it has built a green passage for approval of corporate bonds and asset-backed securities by firms in areas severely affected by the epidemic as well as companies raising funds for epidemic prevention and control.

Currently, it has optimized the approval process for corporate bonds applied by multiple Hubei firms, with Wuhan DDMC Culture & Sports Co., Ltd. and Xiangyang Dongjin State-owned Capital Investment Group Co., Ltd.included.

By February 14, a total of ten firms affected by the epidemic or raising funds for epidemic prevention and control have finished bond issuance, with a total of 10.71 billion yuan being raised, siad SSE. (Edited by Gu Shanshan)

Scan the QR code and push it to your mobile phone

Keyword: bonds Shanghai Stock Exchange

Reading:

China's stock exchange moves to support fight against coronavirus

Cities along the 21st Century Maritime Silk Road, Ningbo

China's demand for express lockers may explode in 2020

CCPIT issues 1600-odd force majeure proofs to help safeguard enterprises' rights amid epidemic

China capable of keeping international payment stable, balanced: official

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial