BEIJING, Feb. 13 (Xinhua) -- China Securities Regulatory Commission (CSRC), the sector watchdog, will further leverage the multi-layer bond market in lending more support to bolstering sci-tech innovation, reported Securities Times recently.
CSRC came up with these in a document issued on February 7, detailing at the same time other measures to foster sci-tech, green, inclusive, pension and digital finance in the country.
It proposed in the document to spur high-quality development of sci-tech innovation corporate bonds through optimizing related issuance and registration procedures, encouraging related institutions to offer credit-enhancing services and developing more sci-tech innovation-themed bonds.
It also outlined measures to boost such bonds' liquidity, saying to add sci-tech innovation bonds of quality sci-tech businesses into the basket of benchmark market marking products and increase policy support on related bonds' conversion factors in bourse-traded pledged repurchase agreements.
CSRC will also move to explore intellectual property right assets securitization business and encourage issuance of real estate investment trusts (REITs) for certain types of new infrastructure projects such as AI programs, data centers and smart cities, and sci-tech innovation industrial parks to expand related debt-financing channels.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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