China's first batch of startup- and innovation firm-tailored bonds started issuance on Shanghai Stock Exchange (SSE) Tuesday.
The batch of bonds consists of three bond products issued by Suzhou Fanglin Science and Technology Co., Ltd., Suzhou Purification Equipment Co., Ltd. and Suzhou JinHong gas Co., Ltd., which are recommended for equity purchase by SOOCHOW Securities, the market making service provider for the three on the National Equities Exchange and Quotations.
They raised via these bond issues 60 million yuan to finance their technology innovation and product R D and explore new business and market.
For a long time, small and startup businesses have relatively insufficient bond issuance access and the innovation and startup firm bond provides a new way for them to solve financing problems.
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