Huatai Securities pointed out that on February 9th, the Shanghai, Shenzhen, and Beijing Stock Exchanges announced the optimization of a package of refinancing measures, including supporting high-quality listed companies to develop a second growth curve through refinancing, relaxing the refinancing interval for unprofitable sci-tech innovation enterprises, allowing distressed companies to reasonably raise funds and invest in their main businesses, while also enhancing the flexibility and convenience of the refinancing mechanism and strengthening full-chain supervision. Previously, the China Securities Regulatory Commission had optimized refinancing regulatory arrangements in August 2023. This time, it is a structural relaxation of refinancing policies, achieving targeted support through promoting the best, limiting the weaker, supporting sci-tech innovation, and strengthening supervision. This optimization is conducive to activating the refinancing market, with securities firms’ investment banking business expected to further improve marginally, and leading securities firms likely to consolidate their competitive advantage through professional capabilities. (People’s Financial News)
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Huatai Securities: Brokerage investment banking business is expected to further improve marginally
Huatai Securities pointed out that on February 9th, the Shanghai, Shenzhen, and Beijing Stock Exchanges announced the optimization of a package of refinancing measures, including supporting high-quality listed companies to develop a second growth curve through refinancing, relaxing the refinancing interval for unprofitable sci-tech innovation enterprises, allowing distressed companies to reasonably raise funds and invest in their main businesses, while also enhancing the flexibility and convenience of the refinancing mechanism and strengthening full-chain supervision. Previously, the China Securities Regulatory Commission had optimized refinancing regulatory arrangements in August 2023. This time, it is a structural relaxation of refinancing policies, achieving targeted support through promoting the best, limiting the weaker, supporting sci-tech innovation, and strengthening supervision. This optimization is conducive to activating the refinancing market, with securities firms’ investment banking business expected to further improve marginally, and leading securities firms likely to consolidate their competitive advantage through professional capabilities. (People’s Financial News)