Shanghai Stock Exchange accelerates the review of refinancing applications

The data shows that since the beginning of this year, the scale of refinancing issuance in the Shanghai market has reached nearly 690 billion yuan, with 114 companies accepted, 99 companies registered and effective; 94 companies issued, with actual fundraising reaching 687.9 billion yuan. The efficiency of the review process has also been accelerated, with the Xianghe Industrial Convertible Bonds project taking only 40 days from acceptance to approval by the listing committee, making it the fastest refinancing convertible bond project to pass in the Shanghai market. The "light asset, high R&D investment" standard has become the main choice for Sci-Tech Innovation Board companies to conduct refinancing. Since its release in October 2024, 14 Sci-Tech Innovation Board companies have adopted this standard to apply for refinancing, with a total planned fundraising amount of up to 35.12 billion yuan.