Shenzhen Stock Exchange has earnestly implemented the policy requirements of China Securities Regulatory Commission on "special person docking, special examination and immediate examination" for bonds of innovative start-up companies, and the examination and approval time of "17 Yangpu S 1" has been greatly shortened compared with ordinary corporate bonds. The financing cost of "17 Yangpu S 1" is relatively low. Compared with the 8% bond interest rate of the same qualified company, the issuer locked in a five-year financing of 300 million yuan at a lower interest rate, which broadened the medium and long-term funding sources of the enterprise.
The issuer is located in Guangzhou High-tech Industrial Development Zone, the national "double innovation" demonstration base, which belongs to the field of biology and new medicine supported by the state and has been certified by the national high-tech enterprise. The successful issuance of this issue of bonds will help to encourage key regional innovation and start-up companies to raise funds through the exchange's innovation and start-up company bonds, and promote accurate service, innovation and entrepreneurship in the capital market.
In the next step, under the guidance of the CSRC, the Shenzhen Stock Exchange will speed up the formulation and release of relevant supporting rules, focus on promoting the pilot of innovative corporate bonds, give play to the role of the exchange bond market in serving the real economy, and promote the capital market to better serve the supply-side structural reform.