（文章来源：新华财经） 据悉，发行人使用募集资金对发行前自有资金支出进行置换的，置换后的资金应当用于符合国家宏观调 控和产业政策要求的用途，不得直接或者间接用于缴纳土地出让金。 业务指南还提及，发行人应当建立健全有效的内部控制制度，明确募集资金存储、使用、变更调整等事 项的审批权限、决策程序、风险控制措施及信息披露要求，防止募集资金被约定使用主体以外的其他主 体违规占用或挪用，确保募集资金使用合规、安全。 新华财经北京2月27日电上交所27日公告称，为了进一步规范公司债券募集资金使用和管理，修订形成 了《上海证券交易所债券存续期业务指南第3号——募集资金管理重点关注事项（2026年修订）》，现 予以发布，并自发布之日起施行。此前于2023年12月29日发布的《上海证券交易所债券存续期业务指南 第3号——募集资金管理重点关注事项（试行）》（上证函〔2023〕3747号）同时废止。 ...

Core Viewpoint - The revised guidelines for bond fundraising management by the Shanghai Stock Exchange aim to enhance the proactive governance of fundraising, ensuring compliance and effective use of funds in the bond market, which is transitioning into a stock phase [1][2]. Group 1: Regulatory Enhancements - The revised guidelines focus on key risk points in fundraising, particularly addressing the use of raised funds for replacing pre-issue expenditures, ensuring compliance with national policies and preventing misuse [2][3]. - Issuers are now required to establish robust internal control systems to manage the storage, use, and adjustment of raised funds, preventing unauthorized access or misappropriation [2][3]. Group 2: Role of Intermediaries - The guidelines strengthen the verification responsibilities of intermediaries, mandating issuers to cooperate with underwriters and legal advisors in providing necessary documentation for fund flow and usage [3]. - This shift emphasizes the role of intermediaries as gatekeepers, enhancing their ability to detect and prevent potential violations [3]. Group 3: Market Dynamics - The revision is part of a broader effort to create a comprehensive regulatory framework for the bond market, focusing on the entire lifecycle of bond management, from issuance to ongoing oversight [4]. - The bond market has seen significant growth, with the outstanding scale of corporate bonds nearing 14 trillion yuan, highlighting the need for effective fund management to mitigate credit risks [4][5]. Group 4: Strategic Alignment - The guidelines continue to emphasize the alignment of fundraising purposes with national strategic goals, such as technological innovation and green development, ensuring that funds are effectively utilized in key sectors [5]. - The ongoing upgrades to the guidelines reflect a clear regulatory signal that precision management is essential for risk prevention and market confidence in the evolving bond market landscape [5].

宝泰隆新材料股份有限公司 债券募集资金使用管理办法 宝泰隆新材料股份有限公司 公司债券募集资金使用管理办法 第一章 总 则 宝泰隆新材料股份有限公司 债券募集资金使用管理办法 第一条 为了规范宝泰隆新材料股份有限公司（以下简称"公司"）公司债 券募集资金的使用与管理，保护投资者的合法权益，提高募集资金使用效益，根 据《中华人民共和国公司法》、《中华人民共和国证券法》及《公司债券发行与 交易管理办法》等法律法规及规范性文件的相关规定，结合公司实际情况，制定 本办法。 第二条 本办法所称募集资金系指公司（含子公司）通过公开发行和非公开 发行的公司债券（不包括可转换公司债券、分离交易的可转换公司债券）向投资 者募集的资金。 第三条 公司董事会负责建立健全公司募集资金存储、使用和管理的内部控 制制度，在本办法中对募集资金存储、使用、变更、监督和责任追究等内容做出 明确规定。 第四条 公司应按核准或约定的用途使用募集资金，募集资金的使用要履行 公司审批程序。公司应根据相关法律法规的规定，及时披露募集资金使用情况， 履行信息披露义务。 第五条 公司的董事和高级管理人员应当勤勉尽责，督促公司规范使用募集 资金，自觉维护公司 ...

Core Viewpoint - The document outlines the management and usage system for funds raised through bond issuance by Chongqing Zhifei Biological Products Co., Ltd, emphasizing the protection of investors' rights and the efficient use of raised funds [2][4]. Group 1: General Principles - The system is established to regulate the management and use of funds raised through bond issuance, ensuring compliance with relevant laws and regulations [2]. - The term "raised funds" refers to the capital collected from investors through public or private bond issuance [2]. Group 2: Fund Management and Storage - The company must open a special account for the raised funds, ensuring that these funds are managed separately and not mixed with other funds [4][6]. - The company is required to sign a tripartite supervision agreement with the entrusted management institution and the supervising bank before the funds arrive in the special account [4][6]. Group 3: Fund Usage - The company must strictly adhere to the financial management system and the established procedures when using the raised funds [7][8]. - The use of raised funds for non-productive expenditures or to cover losses is prohibited [8]. Group 4: Monitoring and Reporting - The company must continuously monitor the actual management and usage of the raised funds and disclose this information accurately in periodic reports [8][9]. - Any changes to the planned use of raised funds must be approved by the board of directors and disclosed to the entrusted management and bondholders [9]. Group 5: Accountability - Violations of the established system by the company or its executives may result in disciplinary actions, including potential legal consequences [9].