What are the international financing methods adopted by my country
Attracting foreign investment through multiple channels and actively and steadily cultivating the domestic capital market is one of my country's strategies for economic development. In order to better develop the economy, our country not only raises funds extensively domestically, but also uses international financing as an important way to raise funds. Our country mainly adopts financing methods such as foreign direct investment, loans from international financial institutions, loans from international commercial banks, international bonds, and international stocks.
my country's issuance of international bonds began on January 22, 1982. China National Trust and Investment Corporation first issued a 10 billion yen private placement bond in the Japanese bond market with a term of 12 The grace period is 5 years, starting from January 29, 1982. The annual interest rate is 8.7%. The annual interest rate is 8.7%. After the grace period, the annual repayment is 8%. In the following years, China has been very active in the international bond market. The issuance conditions at this stage are relatively Good interest rates close to LIBOR generally have a term of more than 7 years.
my country’s use of stocks for international financing began in 1991 in Shanghai Starting from the issuance of B shares in Shenzhen and Shenzhen, by the end of 1994, more than 50 listed companies had issued B shares to foreign investors, with a total listing amount of more than 3 billion yuan, raising hundreds of millions of dollars in foreign capital. At present, the RMB special stocks (B shares) issued by Chinese enterprises, H shares and red * shares listed in Hong Kong, N shares listed in the United States, L shares listed in the UK and S shares listed in Singapore are all international stocks.
In order to promote the development of international financing in my country and better play the role of direct financing and indirect financing, the management of foreign direct investment and foreign debt should be further strengthened and improved. In terms of foreign direct investment, we must further improve the orientation of foreign investment and guide more foreign investment to the central and western regions, infrastructure, pillar industries and high-tech industries; in terms of foreign borrowing, we must improve planning management, debt monitoring, and loan utilization. , management regulations are further strengthened and improved.
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