USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

Mass innovation, entrepreneurship corporate bonds to be listed

By Cai Xiao | chinadaily.com.cn | Updated: 2016-10-28 19:48

China's first two mass innovation and entrepreneurship corporate bonds will be listed at Shanghai Stock Exchange soon, according to China's securities regulator on Friday.

InfoVision Optoelectronics Kunshan Co Ltd would issue a corporate bond with coupon rate of 3.88 percent, and Suzhou Derpin Medical Science and Technology Co Ltd would issue one with coupon rate of 8 percent.

The two companies would finance a total of 55 million yuan ($8.1 million) at the bourse and the funds will be used for technology innovation, product development and new market expansion.

"The mass innovation and entrepreneurship corporate bonds pilot is to implement national strategy of innovation development and encourage the public to have innovation and business start-ups," said Deng Ge, a spokesman of China Securities Regulatory Commission.

Deng said the commission will step up the pace of having mass innovation and entrepreneurship corporate bond pilot, expand the financing channel and lower the financing cost of innovative and start-up companies.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US