Source: China Economic Net, ChinaScope
Financial (Data)
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Since the launch
of small and medium-sized enterprise collective notes (SMECN) by the National
Association of Financial Market Institutional Investors back in 2009, 49 SMECNs
have been issued on the interbank bond market, and a total of CNY 13.80 billion
have been raised.
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For small and
medium enterprises (SMEs), the cost of fund for SMECN is three to four percentage
points lower than the debt costs. Furthermore, the liquidity of these notes is
higher on open market.
Issuance of collective notes and bonds is surging and is expected to
further grow this year.
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n Collective Note Attracts SMEs
n Shanda Literature Resubmits IPO Application
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