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Bozhou Praised by State Council Again
Release date:2019-05-16  Source::亳州外事办  Views:36

Recently, the Office of State Council has printed and released a Notification on Supervision and Incentive for Regions with Solid Efforts and Distinctive Achievements in Implementation of Major Policies and Measures in 2018. Bozhou has been praised by the State Council for its distinctive achievements in promoting the healthy development of social investment, the issuing of corporate bonds, innovation of bonds and risk prevention. Meanwhile, Bozhou has won an incentive. Within two years starting from 2019, the enterprises of Bozhou will be covered by a “direct approval” mechanism for their application for issuing corporate bonds.

The mechanism will further facilitate the enterprises of Bozhou to raise funds directly, solve their “difficulties and high cost to raise funds”, promote the development of TCM and cultural tourism industries of Bozhou, further serve the real economy and boost the high-quality development of the city. In 2019, Bozhou plans to issue five corporate bonds, with a total worth of about 7.25 billion yuan.

In 2017, Bozhou was already covered by the incentive of the “direct approval” mechanism for enterprises to apply for issuing corporate bond. During the period, three corporate bonds of Bozhou had been reviewed and approved by the NDRC, with a total amount of 2.9 billion yuan. Since 2017, making a full use of the mechanism, Bozhou has insisted on new development philosophy, taken the supply-side structure reform as the main route, and deeply promoted the reform of “streamlining the government’s service”. It has made distinctive achievements in such areas as promoting the social investment development, organizing the application and issuing of corporate bonds, promoting the innovation of corporate bonds, facilitating the construction of local governmental credit and financial credit environment and effectively guarding against the risks of corporate bonds.

Having benefited from the efforts made by Bozhou, the corporate bond issuing work of Bozhou has been praised by the State Council again.

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