Measures rolled out to support real economy in Shenzhen

Shenzhen Stock Exchange (SSE) on Wednesday issued a notice on measures to support the real economy, meet market players’ financing needs, and help listed enterprises affected by the epidemic, Shenzhen Special Zone Daily reported.

SSE says it will improve the quality and efficiency of its regulatory services, promote rational investment, protect investors’ legitimate rights and interests, and work with all parties to maintain the healthy and stable development of the capital market with more effective measures.

The notice points out that SSE will take great efforts to provide financing services for small and medium-sized enterprises, and help enterprises affected by the epidemic resume production and operations.

SSE will improve the bond financing mechanism of private enterprises, launch more innovative products for the real economy, and support the healthy development of small and medium-sized enterprises, according to the notice.

The notice says that SSE supports financing activities of real estate enterprises, allows high-quality real estate enterprises to further expand the use of bonds to raise funds and encourages them to issue corporate bonds.

The notice also supports market entities to increase their holdings of company shares, encourages qualified listed companies, major shareholders and senior executives to repurchase their company’s shares to enhance market confidence.

It points out that due to the epidemic’s impact, market entities that cannot sign or seal when submitting IPO, refinancing and merger application documents can handle business by providing electronic signatures and seals to improve efficiency.