The National seabet live casino and Reform Commission requires that corporate debt redemption risks be investigated，There will be a special meeting in the middle of the month

Category: Industry News Release Time: 2016-04-19 Number of Viewers:0 Share

China’s recent increase in credit bond default cases，According to three sources on Wednesday，The National seabet live casino and Reform Commission, the corporate debt regulatory authority, recently issued another notice，Request Issuer、Underwriters and local seabet live casino and reform commissions carry out risk investigation on the redemption of principal and interest of corporate bonds，And strengthen information disclosure during the duration

Sources quoted the notice issued by the National seabet live casino and Reform Commission on March 30 as saying，Corporate bond issuers should apply before April 15，Self-examination of preparations for payment of principal and interest this year，And form a self-examination report to submit；At the same time，The National seabet live casino and Reform Commission will hold a special meeting on the risk assessment of principal and interest payment of corporate bonds in mid-April。

The report includes: sources of debt repayment funds；Construction of raised investment projects and usage of raised funds；Whether the debt repayment funds are collected and transferred to the special debt repayment account as stipulated in the prospectus；Performance of important business contracts and collection of accounts receivable, etc.。

In addition，Notice also to the lead underwriter、Provincial seabet live casino and Reform Commission、Custodian、The division of risk investigation responsibilities of rating agencies and others has been clarified，And simultaneously clarified the disciplinary measures for institutions that fail to meet the standards。

Among them，When the rating agency downgrades the rating or adjusts the rating outlook to negative，Notice requiring rating agencies to report to the National seabet live casino and Reform Commission and provincial seabet live casino and Reform Commission in a timely manner。Reuters has not been able to contact the National seabet live casino and Reform Commission for comment on the above news。

Weak economic fundamentals in China have further increased operating pressure on enterprises，China’s credit bond default risk exposure this year is expected to be greater than last year，Shandong Shanshui Cement Group has been registered since the beginning of the year、Yunfeng Group、Guangxi Nonferrous Metals、Many breach of contract cases such as Nanjing Yurun have appeared。

Due to different regulatory authorities in China，Bonds issued by enterprises are mainly divided into three parts: first, corporate bonds reviewed by the National seabet live casino and Reform Commission，Issued across the interbank market and stock exchanges；The second is non-financial corporate debt financing instruments reviewed by the central bank，Including ultra-short melt、Short-term financing, medium-term financing, etc.，Issued only in the interbank market；The third is corporate bonds reviewed by the China Securities Regulatory Commission，Issued on the Shanghai and Shenzhen Stock Exchanges。

(Information source: Reuters Chinese News Department‍)