本报记者 田鹏 8月15日，记者从业内获悉，首批4单续发行的公司债券已于近日在深圳证券交易所（以下简称"深交所"）落地。据悉，深 交所曾于7月18日发布《关于试点公司债券续发行和资产支持证券扩募业务有关事项的通知》（以下简称《通知》），正式启 动公司债券续发行试点工作。 续发行通过优化融资流程、强化市场联动，为发行人提供了更加灵活高效的融资工具，为投资者创造了更具流动性的交易 环境。值得注意的是，《证券日报》记者了解到，目前还有多家企业正积极筹备公司债券续发行，预计将在未来几个月逐步落 地。 深交所相关负责人表示，续发行机制的推出是丰富债券发行方式、增强发行人融资灵活性的重要举措，通过优化发行机 制、整合存量债券资源、扩大单券规模，可实现二级市场流动性提升，深化市场价格发现功能。后续，深交所将持续推动更多 发行人运用续发行机制，合理规划债券发行安排，高效满足融资需求。 业内积极参与 公司债券续发行态势良好 为了规范深交所公司债券续发行和资产支持证券扩募业务活动，满足市场主体合理融资需求，进一步提升债券市场流动 性，《通知》围绕发行机制优化、做市机制衔接、投资者权益保护三大目标，对公司债券续发工作作出系统性安排 ...

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) has initiated a pilot program for the issuance of company bonds and the expansion of asset-backed securities to enhance market liquidity and meet reasonable financing needs of market participants [1][2]. Group 1: Pilot Program Details - The pilot program includes the issuance of additional company bonds and the expansion of asset-backed securities, allowing issuers to merge new issuances with existing bonds listed on the SZSE [1]. - The notification outlines thirteen articles that provide clear guidance on the processes involved in the issuance, including definitions, material preparation, issuance and listing procedures, intermediary responsibilities, and market-making mechanisms [1]. Group 2: Rights and Obligations - After the merger of listings, the terms related to principal repayment, interest payments, and investor rights protection will generally remain unchanged for existing bondholders [2]. - Issuers must ensure that both original and new bondholders enjoy equal rights and fulfill obligations as per the offering documents and related agreements [2]. Group 3: Issuance Process - Issuers can use valid public or private offering registration documents to apply for issuance registration with the SZSE for participating in the additional issuance [2]. - If there are significant changes to the credit enhancement mechanisms or debt repayment guarantees, issuers must convene a bondholder meeting to discuss the additional issuance before applying for registration [3]. Group 4: Information Disclosure and Compliance - The basic information of the newly issued bonds must align with that of the existing bonds, including security codes, interest rates, and maturity dates [4]. - Issuers and underwriters are required to submit offering documents before the issuance and must adhere to information disclosure obligations as per the SZSE's business rules [4][5].