Sakeboy
2021-04-02
Like and comment
Shanghai bourse tightens scrutiny over corporate bond issuance
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
2
2
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":340367540,"tweetId":"340367540","gmtCreate":1617342063280,"gmtModify":1634521310282,"author":{"id":3574665432353483,"idStr":"3574665432353483","authorId":3574665432353483,"authorIdStr":"3574665432353483","name":"Sakeboy","avatar":"https://static.tigerbbs.com/7ce50ede8b11d07826c65e52c2ec93e2","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Like and comment</p></body></html>","htmlText":"<html><head></head><body><p>Like and comment</p></body></html>","text":"Like and comment","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/340367540","repostId":2124731955,"repostType":4,"repost":{"id":"2124731955","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617337730,"share":"https://www.laohu8.com/m/news/2124731955?lang=&edition=full","pubTime":"2021-04-02 12:28","market":"sh","language":"en","title":"Shanghai bourse tightens scrutiny over corporate bond issuance","url":"https://stock-news.laohu8.com/highlight/detail?id=2124731955","media":"Reuters","summary":"SHANGHAI, April 2 (Reuters) - The Shanghai Stock Exchange $(SSE)$ said on Friday it is tightening sc","content":"<p>SHANGHAI, April 2 (Reuters) - The Shanghai Stock Exchange <a href=\"https://laohu8.com/S/SSE\">$(SSE)$</a> said on Friday it is tightening scrutiny over corporate bond issuance, and has punished a brokerage for lax due-diligence in bond underwriting.</p>\n<p> The move comes after Chinese exchanges strengthened inspections on initial public offerings (IPOs), as regulators seek to limit financial risks while promoting growth of China's capital markets.</p>\n<p> China has about $4.5 trillion of outstanding corporate bonds, traded on the country's exchanges and the interbank market. </p>\n<p> SSE, China's main exchange for corporate bond trading, said it has launched onsite inspections on select bond issuance applicants with a focus on robustness of due diligence by underwriters. </p>\n<p> The bourse said in a statement it publicly censured metal products maker Ningxia Yuangao Industrial Group Co for \"fake\" and inadequate disclosure ahead of its default, and sent warning letters to its underwriter Huaxi Securities Co and its law firm. </p>\n<p> Ningxia Yuangao could not be reached immediately for comment. Huaxi Securities said it had nothing to add to what the SSE said.</p>\n<p> China is stepping up reforms of its capital markets. It has adopted a U.S.-style registration system for securities issuance on SSE's Nasdaq-style STAR Market, as well as SSE's corporate bond market. </p>\n<p> But signs of lax due-diligence by underwriters led to regulators tightening screws on IPOs late last year. Over 100 companies have suspended their IPO process since December, many withdrawing applications voluntarily.</p>\n<p> China's top securities regulator Yi Huiman said last month that the registration-based IPO system doesn't mean lower bars for listing, vowing to punish underwriters who try to bring \"sick\" companies to the IPO market. </p>\n<p> SSE said that its inspectors of bond issuances would take a page from the playbook of those in the IPO market.</p>\n<p> On-site inspections, which last <a href=\"https://laohu8.com/S/AONE\">one</a> to two weeks and involve queries, interviews, and checking backup materials, are aimed at bolstering the quality of information disclosure and due-diligence, SSE said. </p>\n<p> (Reporting by Samuel Shen and Andrew Galbraith; Editing by Muralikumar Anantharaman)</p>\n<p>((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shanghai bourse tightens scrutiny over corporate bond issuance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShanghai bourse tightens scrutiny over corporate bond issuance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-02 12:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, April 2 (Reuters) - The Shanghai Stock Exchange <a href=\"https://laohu8.com/S/SSE\">$(SSE)$</a> said on Friday it is tightening scrutiny over corporate bond issuance, and has punished a brokerage for lax due-diligence in bond underwriting.</p>\n<p> The move comes after Chinese exchanges strengthened inspections on initial public offerings (IPOs), as regulators seek to limit financial risks while promoting growth of China's capital markets.</p>\n<p> China has about $4.5 trillion of outstanding corporate bonds, traded on the country's exchanges and the interbank market. </p>\n<p> SSE, China's main exchange for corporate bond trading, said it has launched onsite inspections on select bond issuance applicants with a focus on robustness of due diligence by underwriters. </p>\n<p> The bourse said in a statement it publicly censured metal products maker Ningxia Yuangao Industrial Group Co for \"fake\" and inadequate disclosure ahead of its default, and sent warning letters to its underwriter Huaxi Securities Co and its law firm. </p>\n<p> Ningxia Yuangao could not be reached immediately for comment. Huaxi Securities said it had nothing to add to what the SSE said.</p>\n<p> China is stepping up reforms of its capital markets. It has adopted a U.S.-style registration system for securities issuance on SSE's Nasdaq-style STAR Market, as well as SSE's corporate bond market. </p>\n<p> But signs of lax due-diligence by underwriters led to regulators tightening screws on IPOs late last year. Over 100 companies have suspended their IPO process since December, many withdrawing applications voluntarily.</p>\n<p> China's top securities regulator Yi Huiman said last month that the registration-based IPO system doesn't mean lower bars for listing, vowing to punish underwriters who try to bring \"sick\" companies to the IPO market. </p>\n<p> SSE said that its inspectors of bond issuances would take a page from the playbook of those in the IPO market.</p>\n<p> On-site inspections, which last <a href=\"https://laohu8.com/S/AONE\">one</a> to two weeks and involve queries, interviews, and checking backup materials, are aimed at bolstering the quality of information disclosure and due-diligence, SSE said. </p>\n<p> (Reporting by Samuel Shen and Andrew Galbraith; Editing by Muralikumar Anantharaman)</p>\n<p>((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124731955","content_text":"SHANGHAI, April 2 (Reuters) - The Shanghai Stock Exchange $(SSE)$ said on Friday it is tightening scrutiny over corporate bond issuance, and has punished a brokerage for lax due-diligence in bond underwriting.\n The move comes after Chinese exchanges strengthened inspections on initial public offerings (IPOs), as regulators seek to limit financial risks while promoting growth of China's capital markets.\n China has about $4.5 trillion of outstanding corporate bonds, traded on the country's exchanges and the interbank market. \n SSE, China's main exchange for corporate bond trading, said it has launched onsite inspections on select bond issuance applicants with a focus on robustness of due diligence by underwriters. \n The bourse said in a statement it publicly censured metal products maker Ningxia Yuangao Industrial Group Co for \"fake\" and inadequate disclosure ahead of its default, and sent warning letters to its underwriter Huaxi Securities Co and its law firm. \n Ningxia Yuangao could not be reached immediately for comment. Huaxi Securities said it had nothing to add to what the SSE said.\n China is stepping up reforms of its capital markets. It has adopted a U.S.-style registration system for securities issuance on SSE's Nasdaq-style STAR Market, as well as SSE's corporate bond market. \n But signs of lax due-diligence by underwriters led to regulators tightening screws on IPOs late last year. Over 100 companies have suspended their IPO process since December, many withdrawing applications voluntarily.\n China's top securities regulator Yi Huiman said last month that the registration-based IPO system doesn't mean lower bars for listing, vowing to punish underwriters who try to bring \"sick\" companies to the IPO market. \n SSE said that its inspectors of bond issuances would take a page from the playbook of those in the IPO market.\n On-site inspections, which last one to two weeks and involve queries, interviews, and checking backup materials, are aimed at bolstering the quality of information disclosure and due-diligence, SSE said. \n (Reporting by Samuel Shen and Andrew Galbraith; Editing by Muralikumar Anantharaman)\n((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"tweetType":1,"viewCount":395,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/340367540"}
精彩评论