SHANGHAI: The optimised refinancing measures recently unveiled by three major Chinese stock exchanges will help direct resources more precisely to quality companies and better nurture technological innovation, say experts and market mavens.
For quality companies with high market recognition and competitiveness, revision of their refinancing requests will be streamlined, especially regarding their operation, corporate governance and information disclosure.
The refinancing funds will be used in new industries, business models and emerging technologies that are in line with the companies’ main operations, according to announcements made by the Shanghai, Shenzhen and Beijing exchanges on Monday.
Innovation-driven companies trading at the main board of the Shanghai and Shenzhen bourses will access refinancing provisions similar to those set for STAR Market and ChiNext companies, which feature light assets and heavy research and development investments.
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