Report
Moody's Investors Service
EUR 182.40 For Business Accounts Only

China's Curbs on Secondary Equity Offering Reduce Funding Flexibility for Listed Companies (Simplified Chinese translation)

行业评论 企业 2017 年 2 月 27 日 中国的再融资新规会降低上市公司的 融资灵活性 穆迪报告 China’s Curbs on Secondary Equity Offering Reduce Funding Flexibility for Listed Companies 的中文翻译本 (中文为翻译稿，如有出入，以英文为准) 摘自《穆迪信用展望》 2 月 17 日，中国证券监督管理委员会 (证监会) 发布新规，规定了国内上市公司进行非 公开股票发行的上限和增发、配股、非公开发行股票 (统称为“再融资”) 的频率。上 述新政是证监会遏制过度再融资的措施之一，对自身或主要子公司在国内证券交易所 上市的中国企业具有负面的信用影响，因为相关限制将使这些企业更难及时募集资金 来进行扩张或偿还债务。 新政策规定， “上市公司申请增发、配股、非公开发行股票的，本次发行董事会决议日 距离前次募
28/02/2017 3 EN
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Moody's Investors Service
Moody's Investors Service

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