"Guidelines for Non -public Issuing Company Bond Project Resolving Negative List" ushered in revised and supported enterprises related mergers and acquisitions and reorganization behaviors

The reporter was exclusively informed that the China Securities Industry Association recently organized the "Guide to undertake the negative list of non -public issuance corporate bond projects" combined with the development and supervision practice of bond business, and recently solicited industry opinions.It is reported that the revision ideas include the corresponding revision of relevant laws and regulations, departmental regulations and other contents in combination with the companys bond field, and based on the development of the bond market and the changes in business risk, combined with the supervision policy orientation, improve the adaptability and effectiveness of negative list management.Give full play to the prospective guidance and preventive norms of self -discipline management.From the perspective of the main revised content, the revised draft adds relevant provisions in Article 6 of the current "Guidelines": "In order to prevent the needs of major risks to deal with, the issuer conducts mergers and acquisitions and reorganization of risks to make it a subsidiary, and related subsidiaries, and related subsidiaries, and related subsidiaries,The negative situation occurs before the mergers and acquisition and reorganization implementation date.