Today On the 22nd, Chinese authorities requested public institutions to utilize the bond market to further support the reform and development of private companies. The aim is to stabilize the slowing economy.


The China Securities Regulatory Commission (Certificate Regulatory Commission), the National Development and Reform Commission (Reform Commission), and the National Federation of Industry and Commerce of China have issued a joint statement.


It urged the Shanghai Stock Exchange and the Shenzhen Stock Exchange to strengthen bond financing and promote innovation in bond products.


He said more qualified private companies should be added to the "mature" issuer list to promote bond sales, and that securities firms should increase their underwriting operations for private company bonds.


It also called for promoting the issuance of "technology and innovation bonds" by companies and making it easier for market participants to provide credit enhancement services for private issuers.


It also included increased investment in private bonds by financial institutions, improved quality of information disclosure by private issuers, and improved bond default response systems.