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CSRC eases refinancing restrictions on 9 industries

By Cai Muyuan (chinadaily.com.cn)
Updated: 2011-05-10 17:35

China Securities Regulatory Commission (CSRC) will partially loosen restrictions on the refinancing of nine industries, Oriental Morning Post reported Tuesday.

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An investment bank employee revealed that CSRC has noticed that the refinancing applications don't need to solicit the National Development and Reform Commission's opinion if no new investment programs are involved, the newspaper said.

The refinancing forms include equity and corporate bonds.

The nine industries previously subject to refinancing restrictions include steel, cement, plate glass, the coal chemical industry, polysilicon, wind power equipment, aluminum, shipbuilding and large-scale forging parts.