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recently, wuxi xishan financial investment group co., ltd. successfully issued small and medium-sized enterprise support bonds on the shanghai stock exchange. the funds raised will mainly be used to support the development of small and medium-sized technology enterprises in xishan district of wuxi city and other areas through the issuance of factoring loans.

it is reported that the issuance scale of this bond is 150 million yuan, with a face interest rate of 2.22%. it is the fourth bond to support small and micro enterprises on the shanghai stock exchange.

exterior view of the shanghai stock exchange (photo provided by the shanghai stock exchange)

in october 2023, the shanghai stock exchange, based on the integration of small and micro enterprise credit enhancement bonds and small and medium-sized enterprise collective bonds, innovatively launched small and medium-sized enterprise support bonds, with no less than 70% of the funds raised used to support the development of small and medium-sized enterprises.

due to the objective reality that small and medium-sized enterprises have small asset scale and small single financing amount demand, the comprehensive financing cost of directly issuing bonds is relatively high. based on this, the shanghai stock exchange launched small and medium-sized enterprise support bonds to explore the use of enterprises that have close business ties with small and medium-sized enterprises and relatively better qualifications as bond issuers to raise funds to support the development of small and medium-sized enterprises upstream and downstream of the industrial chain or related to their own business operations.

it is understood that core supply chain enterprises, industrial enterprises, financial or quasi-financial enterprises, national-level development zone park operating enterprises, etc. can issue bonds to support small and micro enterprises through payment of accounts payable, equity investment, debt investment and other methods related to their own operations.

it is reported that the first bond to support small and micro enterprises on the shanghai stock exchange was successfully issued by huzhou industrial investment development group co., ltd. at the end of 2023. no less than 70% of the funds raised will be used to support the development of 19 small and micro enterprises through the investment in financial leasing, factoring, payment for trade business and fishery sales business, etc.

the shanghai stock exchange said that it will continue to study appropriate ways and matching products to support the development of small, medium and micro enterprises, accurately match the needs of enterprises, strengthen investment and financing, and improve financing efficiency. actively cultivate diversified investors, establish and improve market-making mechanisms, further enhance secondary market liquidity, reduce financing costs, and take multiple measures to inject new impetus into the development of small, medium and micro enterprises. (reporter yao junfang)

(source: xinhua news agency)

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