The First Public Issuance Of Belt and Road Panda Cooperate Bonds Launched By Shenzhen Stock Exchange


Tuesday, January 09, 2018  10.59AM / CSRC 

Recently, China Securities Regulatory Commission  granted permission to the public issuance of the Belt and Road Cooperate Bond of Puluosi Luohua China Overseas Holdings (Hong Kong) Co., Ltd. (“Puluosi Belt and Road Bond”) following the pre-approval of the issuance by Shenzhen Stock Exchange (“SZSE”), marking the launch of the first Belt and Road panda cooperate bonds. 

The launch of the panda corporate bonds was a significant step taken by SZSE, as guided by CSRC, in response to the national strategic arrangements, to orderly expand the opening-up of the financial market, steadily push forward the internationalization of RMB, optimize the allocation of financial resources and enhance the capability of the capital market to serve the real economy. 

Puluosi Belt and Road Bond shall be issued in an amount not exceeding CNY12 billion, with corporate credit and debt rating both being AAA. The raised funds shall be used to purchase the logistics infrastructure from Europeans countries involved in the Belt and Road Initiative by Puluosi Group, the controlling shareholder of the issuer. 

The relevant purchases shall be conducive to the interconnection of facilities and smoothness of trading along the route, the foundation of cooperation between China and Central Europe, and the exploration to enhance the role of finance in supporting new mechanisms and new practices of the Belt and Road construction. 

Since the publication of Vision and Action on Promoting the Construction of Silk Road Economic Belt and 21st Century Maritime Silk Road by National Development and Reform Commission, Ministry of Foreign Affairs and Commerce Department, the Belt and Road construction was changed from a concept to actions, and from a vision to reality. 

The interconnection of infrastructure is the priority of the Belt and Road construction. SZSE firmly sticks to the national development strategies, continuously innovates new financing modes, actively participates in regional infrastructure construction and spares no efforts to support the implementation of important projects under the Belt and Road Initiative. 

Next, SZSE shall, according the arrangements of CSRC, continue supporting the issuance of RMB-denominated bonds by qualified issuers in countries and regions involved in the Belt and Road Initiative to fund the Belt and Road construction, so as to better serve the national strategy.  

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