BEIJING, Dec. 9 (Xinhua) -- Beijing Stock Exchange (BSE) released three sets of corporate bond-related rules to further optimize its bond market rules system and better serve the real economy, reported Xinhua Finance on December 6.
BSE rolled out financing business consulting and simplified information disclosure-related rules to facilitate its corp bond issuance and listing review business and trial rules on key priorities for bond proceeds management to improve its services for corp bonds in their duration periods.
Under its financing business consulting guide, dealing procedures related to consulting over declaration, review and issuance stages for corp bond programs are provided to further improve the transparency of corp bond issuance review work.
For quality corp bond issuers such as eligible sci-tech and green bond issuers, the simplified information disclosure guide allows appropriate simplification of information disclosure requirements.
In the bond proceeds management guide, detailed requirements including the restrictive circumstances, necessary procedures and information disclosure requirements over using laid-up proceeds to boost working capital and changing or adjusting the purpose of bond proceeds are specified to help corp bond issuers better fend off risks.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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