The Finance Committee Office of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission and other departments issued “Certain Measures to Further Strengthen Technology Finance Services by Taking Full Advantage of Direct Financing in Shanghai”, which proposes to facilitate the refinancing of technology enterprises. Make good use of refinancing support policies, optimize the refinancing review process and refinancing time interval, allow companies listed according to unprofitable standards and enterprises with breakouts to refinance, optimize refinancing application materials, etc., and support technology enterprises to flexibly use various tools such as issuance, allotment of shares, and convertible bonds for financing. Promote the implementation of the refinancing reserve issuance system.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.