On December 30th, the China Securities Association recently released the “Guidelines for Undertaking Negative List of Non Public Development Bank Corporate Bond Projects (Revised in 2024)”. For the special industry type issuers mentioned in the negative list – real estate companies, the negative list has removed relevant expressions such as “idle land”, “land speculation”, “hoarding and reluctance to sell”, and “price gouging”, and adjusted them to “real estate companies identified by the competent authorities as having significant illegal and irregular behaviors”. This is a major adjustment to the expression of real estate issuers after the China Securities Association first released the negative list of private equity bonds in 2015. In addition, in order to support the reasonable financing needs of bond issuers for relief and prevention of major risks through mergers and acquisitions, the China Securities Association has also optimized the relevant provisions of the negative list.
Scan code to share