Wu Qing: Optimize refinancing mechanisms and introduce shelf issuance

On March 6th, at the press conference on the economy during the Fourth Session of the 14th National People’s Congress, Wu Qing, Chairperson of the China Securities Regulatory Commission, stated that the refinancing mechanism will be further optimized at the institutional rule level. This includes enhancing the inclusiveness and adaptability of the regulatory framework, such as refining the criteria for strategic investors, establishing participation of social security, insurance, and housing funds in medium- and long-term capital, launching shelf issuance, guiding rational and effective financing, improving the locked-in price issuance mechanism, aligning the pricing of stock offerings with market prices, better balancing the interests of listed companies and investors, and further streamlining the refinancing procedures.

(Source: People’s Financial News)