资本市场支持民营经济

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拓宽民营企业融资渠道
Xin Hua Wang· 2025-08-12 06:28
Group 1 - The China Securities Regulatory Commission (CSRC) plans to introduce seven measures to support private enterprises in bond financing, addressing the issues of "difficult and expensive financing" for these companies [1] - The measures aim to enhance the quality and efficiency of the bond market in serving the development of the private economy, particularly by broadening financing channels and addressing cash flow issues faced by private enterprises [1] - Specific initiatives include diversifying bond products, exploring liquidity support tools, and facilitating repurchase financing mechanisms, such as launching technology innovation bonds to prioritize financing for high-tech and strategic emerging industries [1] Group 2 - In direct financing, the capital market is encouraged to support the development of quality private enterprises, leveraging the comprehensive registration system reform and expanding coverage for innovative small and medium-sized enterprises [2] - The support for regional equity markets and the development of venture capital funds aims to provide more inclusive financial services for small and micro enterprises, while also promoting asset securitization products based on accounts receivable and other basic assets [2] - For indirect financing, financial institutions are urged to reduce fees and improve credit approval processes for private enterprises, while also utilizing financial technology to innovate financial products tailored to the needs of these companies [2] Group 3 - Institutional support and policy protection are essential for the development of private enterprises, with clear industrial development policies needed to maintain stability and continuity in the regulatory environment [3] - There is a call for the establishment of diversified financing models that cater to the needs of private enterprises, creating more favorable conditions for their financing [3]