The Shanghai and Shenzhen Stock Exchanges announced the optimization of the overall measures for refinancing.

On February 9, the Shanghai and Shenzhen Stock Exchanges announced the optimization of a package of measures for refinancing. In further support of the innovation and development of high-quality listed companies, the Shanghai and Shenzhen Stock Exchanges stated that for high-quality listed companies with representative governance and information disclosure standards and market recognition, they will optimize the refinancing review process to further improve the efficiency of refinancing. At the same time, in order to better meet the refinancing needs of science and technology companies, the Shanghai and Shenzhen Stock Exchanges have revised the rules for "light asset, high research and development investment" of listed companies, clarifying the standards for identifying mainboard enterprises. Listed companies on the Shanghai and Shenzhen Stock Exchanges that experience a decline in stock prices can raise funds through private placements, issuance of convertible bonds, and other methods, with the raised funds required to be invested in the main business. Furthermore, the Shanghai and Shenzhen Stock Exchanges also stated that they will enhance the flexibility and convenience of refinancing, and strengthen supervision throughout the entire refinancing process. This article is reproduced from "Xinhua News Agency," edited by GMTEight: Feng Qiuyi.