Healthcare, Financials, Automotive May 20, 2022 04:44 PM (GMT+8) · EqualOcean
The Shanghai Stock Exchange has formulated and issued the guidelines for the application of the review rules for the issuance and listing of corporate bonds of the Shanghai Stock Exchange No. 4 - scientific and technological innovation corporate bonds, which shall come into force as of the date of promulgation. The guidelines specify that technological innovation corporate bonds refer to corporate bonds issued by relevant enterprises in the field of scientific and technological innovation, or funds raised are mainly used to support the development of the field of scientific and technological innovation. The relevant businesses of the issuer and the purpose of the funds raised by the bonds shall comply with the requirements of the national development plan and policy documents related to scientific and technological innovation, and focus on supporting the scientific and technological innovation and development in the subdivided fields of high-tech industries and strategic emerging industries and leading the field of industrial transformation and upgrading. In terms of the purpose of fund-raising, the guidelines stipulates that the proportion of funds raised by issuers of science and innovation upgrading, science and innovation investment and science and innovation incubation shall not be less than 70%, and the proportion used for industrial parks or incubation infrastructure shall not exceed 30%.

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