The reporter learned from relevant departments yesterday (6th) that the Finance Department of the National Development and Reform Commission will organize a batch of corporate bond projects for sewage treatment and pipe network construction projects to be submitted to the State Council in the near future. The application procedures and issuance conditions will be relaxed compared to the past.
The relevant person in charge of the National Development and Reform Commission stated that if there are enterprises in various provinces and cities that meet the current bond issuance conditions, they can promptly report to the National Development and Reform Commission according to the corporate bond model. The declaration procedures for these Corporate bonds are planned to be changed from the current two declarations and approvals to one approval.
The above-mentioned person in charge stated that for municipal construction bonds (the scope will be further expanded in the future), the National Development and Reform Commission will come up with corresponding specific measures in the near future, such as relaxing project financing by 30 % upper limit, removal of restrictions on profits in the previous three years, etc.
As for the issue of bonds issued by local governments, the above-mentioned person in charge said that there is room for further research in developed regions (such as Jiangsu, Zhejiang, etc.) and provincial capital cities.
