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Notice of the National Development and Reform Commission on Issues Concerning the Issuance of RMB-denominated Bonds by Mainland Non-financial Institutions in the Hong Kong Special Administrative Regio
released by:admin Time:2012-6-26 10:58:08 Read:2826Time

国家发展改革委关于境内非金融机构赴香港特别行政区发行人民币债券有关事项的通知
Promulgating Institution:   National Development and Reform Commission
Document Number:           Fa Gai Wai Zi [2012] No.1162
Promulgating Date:            05/02/2012
 
A mainland non-financial institution shall satisfy the following before issuing RMB-denominated bonds in the HKSAR: have a sound corporate governance; good credit standing and profitability; mainly use funds raised by bonds for fixed-asset investment projects; comply with policies of national macro-regulation, industry and utilization of foreign, overseas, and administrative provisions on fixed-asset investment, and go through required procedures; no enterprise bonds already issued or any debts in default or delay; and it has committed no grave violation of laws and regulations in the past three years.

An application for RMB-denominated bonds shall include amount, terms and purpose and all relevant financial and legal reports and opinion. NDRC shall approve or disapprove within 60 days of accepting application. 

 
 
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