The relevant person in charge of Shenzhen Stock Exchange said that the provisions of the share conversion clause not only enriched the financing methods of SMEs and reduced the financing cost of issuers, but also ensured the legitimate rights and interests of investment institutions to convert shares according to the performance commitments signed with issuers and other contract terms in practice. The provisions of the conversion clause will also enhance the market attractiveness of non-public issuance of corporate bonds and effectively promote the innovation of the social capital formation mechanism of innovative and entrepreneurial enterprises.
In the next step, under the leadership of the CSRC, Shanghai Shenzhen Stock Exchange will continue to implement the requirements of deepening the reform of investment and financing system and various capital market reforms, vigorously promote mass entrepreneurship and innovation, explore a new model of bond market service support suitable for the development of innovative and entrepreneurial enterprises, continuously stimulate market vitality, give play to the positive role of the exchange bond market in supporting the development of high-tech growth enterprises and serving the real economy, and better serve the supply-side structural reform.