The Zhitong Finance App learned that on July 14, the Association of Dealers held a private enterprise financing symposium to listen to the opinions and suggestions of private enterprises on expanding the scope of private enterprise bond financing support tools (“second arrow”) services to better promote the sustainable and healthy development of private enterprises. At the symposium, 12 private enterprises including New Hope Group, Xincheng Holdings, Country Garden Group, Hongdou Group, TCL Group, and Sany Heavy Industries stated that since 2018, under the guidance of the People's Bank of China, the Dealers Association has supported private enterprise bond financing through the “second arrow”, giving full play to the advantages of openness, transparency, and strong expectation-guidance in the bond market, releasing positive and clear signals, effectively boosting market expectations and confidence, driving private enterprise financing channels to resume smooth flow. In particular, since November of last year, the “second arrow” policy has been extended and expanded to actively support private housing enterprises in issuing bonds and financing. It has played an important role in maintaining the stability of private housing enterprise bond financing, and has achieved good results.
The original text is as follows:
The Association of Dealers held a symposium on private enterprise financing
In order to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council on adhering to the two “unwavering” decisions and arrangements to promote private economic development and growth, under the guidance of the People's Bank of China, the Association of Dealers held a private enterprise financing symposium on July 14, 2023 to listen to the opinions and suggestions of private enterprises on expanding the scope of private enterprise bond financing support tools (“second arrow”) services to better promote the sustainable and healthy development of private enterprises.
At the symposium, 12 private enterprises including New Hope Group, Xincheng Holdings, Country Garden Group, Hongdou Group, TCL Group, and Sany Heavy Industries stated that since 2018, under the guidance of the People's Bank of China, the Dealers Association has supported private enterprise bond financing through the “second arrow”, giving full play to the advantages of openness, transparency, and strong expectation-guidance in the bond market, releasing positive and clear signals, effectively boosting market expectations and confidence, driving private enterprise financing channels to resume smooth flow. In particular, since November of last year, the “second arrow” policy has been extended and expanded to actively support private housing enterprises in issuing bonds and financing. It has played an important role in maintaining the stability of private housing enterprise bond financing, and has achieved good results. The participating companies also introduced the difficulties and challenges faced by private enterprises in the current situation, and put forward opinions and suggestions on further optimizing the financing environment for private enterprises.
As an important part of China's national economy, the private economy is an important driving force for economic growth and an important driving force for innovation. In the next step, the Dealers Association will continue to thoroughly implement the policy spirit of the Party Central Committee and the State Council on promoting private economic development and growth, profoundly implement the political and popular nature of financial work, carefully study the opinions and suggestions put forward by private enterprises, solidly push forward the “second arrow” work, continue to support private real estate and industrial enterprise bond financing, and help the healthy development and high-quality development of the private economy.
This article was compiled from the “Official Website of the China Interbank Market Trading Association”, editor of Zhitong Finance: Yan Wencai.