Tag Archives: Shenzhen Stock Exchange

Guangdong issues GBA bond

Guangdong has for the first time issued bonds dedicated to building the Greater Bay Area, with RMB17.514 billion of its latest issuance earmarked for GBA projects.

Funds raised from the bond, listed on the Shenzhen Stock Exchange, will be mainly used for land reserves and infrastructure construction in the nine GBA cities within Guangdong.

The tranche includes for the first time a series of varying maturities, at 10 years, 15 years and 20 years, to suit the long-term capital needs of GBA projects. Rates were set at 3.38% for five years, 3.60% for 7 years, 3.57% for 10 years, 3.88% for 15 years and 3.91% for 20 years.

Read more (in Chinese).

Shenzhen SME board turns 15 with US$1.3 trn market cap

The Shenzhen Stock Exchange’s Small and Medium Enterprise board celebrated its 15th anniversary yesterday by counting its value. The shares of its 932 companies are now worth RMB8.6 trillion (US$1.3 trillion) or 16.4% of the country’s total, reports Yicai Global.

Since its opening in 2004, the SME board has seen RMB610.9 billion (US$88.7 billion) raised. It has also supported refinancing worth RMB1.6 trillion in the period, while 58 listed firms have refinanced over four times through the board, the SSE said in a statement.

SME Board constituents have distributed accumulated cash dividends of RMB442.8 billion over the fifteen years, making up 30% of their total accumulated net profit. Last year alone, they shared dividends of RMB93.7 billion. Security services firm Hikvision Digital Technology – currently being considered for placement on the US blacklist – ranked first with a dividend of RMB5.6 billion. It has paid dividends yearly for a decade.

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Shenzhen launches bond for Lok Ma Chau Loop

Shenzhen Investment Holdings, the city government’s capital arm, has launched a new RMB1 billion special corporate bond focused on building Shenzhen’s side of the Lok Ma Chau Loop, the cross-border zone being developed with Hong Kong. The issuance has a 3+2 year maturity with a coupon rate of 3.72%, according to the Shenzhen Stock Exchange.

The hi-tech cooperation zone straddles the boundary between the two cities. Shenzhen’s portion covers 3 sq km, with a focus on artificial intelligence, smart manufacturing, biology, medicine and life sciences.

Read more (in Chinese).