LONGFOR GROUP(HK:00960) Xin Hua Wang·2025-08-12 06:26Core Viewpoint - The Shenzhen Stock Exchange (SZSE) is actively exploring innovative financing tools to alleviate the financing difficulties faced by small and medium-sized enterprises (SMEs) and enhance the connection between the bond market and the financing needs of SMEs [1][2] Group 1: Initiatives and Actions - SZSE held a seminar titled "Innovative Financing Tools Empowering SMEs" to discuss practical measures for using the bond market to address the financing challenges faced by SMEs [1] - The exchange plans to implement the decisions of the Central Committee and continue to understand the financing needs of SMEs, promoting the role of supply chain financial asset securitization products [1][2] - SZSE aims to increase the variety of innovative bond products, including CMBS and REIT-like fixed income products, to support the healthy development of SMEs [1] Group 2: Recent Developments - Recent bond market initiatives include the successful issuance of a supply chain financial ABS by Longfor Properties amounting to 402 million yuan, which helps 306 upstream SMEs recover accounts receivable at a low cost [2] - The first knowledge property securitization product for high-growth innovative SMEs was listed on SZSE, with an initial scale of 100 million yuan, involving 105 patents from 16 companies [2] Group 3: Seminar Participation - The seminar was conducted online, with nearly 300 participants, including representatives from the China Securities Regulatory Commission, SZSE, local government departments, and various financial institutions [2]