CSRC to back in­no­va­tion bonds

China Daily (Hong Kong) - - BUSINESS -

China’s se­cu­ri­ties reg­u­la­tor said on Fri­day that it will con­tinue to sup­port the pilot in­no­va­tion and en­trepreneur­ship bond to fa­cil­i­tate fi­nanc­ing for SMEs in the high-tech sec­tor. Gao Li, spokes­woman of the China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion, said bonds ded­i­cated to in­no­va­tion and en­trepreneur­ship will be added to the lo­cal gov­ern­ments’ fi­nan­cial sup­port sys­tem. The CSRC will fast-track eval­u­a­tion and ap­proval of pro­pos­als to is­sue such bonds.

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