Shanghai Stock Exchange: Pilot program for company bond.

According to the Zhitong Finance APP, on May 21st, the Shanghai Stock Exchange issued a notice regarding the trial of the company's bond re-issuance and the expansion of asset-backed securities offering business. The notice will take effect from the date of publication. This is to regulate the activities of company bonds (including corporate bonds) re-issuance and asset-backed securities offering business in order to meet the reasonable financing needs of market entities and further enhance the liquidity of the bond market. The notice states that issuers can apply for issuance filing to the SSE for re-issuance business using publicly issued registration documents within the validity period or non-publicly issued no-objection letters.