SIG Approved by NDRC to Issue High Quality Enterprise Bond Worth 20 Bn Yuan
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Recently Shanghai International Group (SIG) has been approved by the National Development and Reform Commission (NDRC) to issue an high quality enterprise bond worth no more than 20 billion yuan.
The high quality enterprise bond is a shelf bond launched by NDRC to support outstanding enterprises in bond financing and further improve the capacity of corporate bonds to serve the real economy. With the strong support of NDRC, the Shanghai Municipal Development & Reform Commission and the State-owned Assets Supervision and Administration Commission of Shanghai, SIG has completed bond issuance application efficiently and gained approval smoothly. The approval has opened a new financing path for SIG, and laid a more solid foundation for SIG to further strengthen the development of the quality funds ecosystem, integrate finance with industries and effectively support the development of the real economy. It is of great significance for SIG to comprehensively advance and implement the strategy of "dual-wheel" strategy of state-owned capital operation and investment management.
