On October 11, the project for the 2025 private placement of rural revitalization corporate bonds targeting professional investors by Henan Wangwu Mountain Cultural Tourism Industry Co., Ltd. was approved by the Shanghai Stock Exchange. The proposed issuance amount of this bond is RMB 420 million.
Statistics show that as of now, the stock of corporate bonds issued by enterprises in Henan Province in the exchange market has exceeded RMB 500 billion for the first time, ranking among the top in the six central provinces. As an important channel for direct financing inthe real economy, the bond market features large financing scale, low cost, and long duration, and boasts unique advantages in supporting technological innovation. In recent years, Henan's enterprises have actively utilized the bond market for financing, giving better play tothe role of direct financing in the capital market.
Since 2021, the annual bond financing of Henan's enterprises has exceeded 100 billion yuan in the exchange market for four consecutive years. So far, the stock scale has doubled compared with that in 2021. The weighted average cost of bond issuanceshas dropped to the current 2.66%, a decrease of 212 BPs (basis points) from its peak during this period. The issuancesof innovative varieties such as green bonds and sci-tech innovation bonds have reached RMB 20.6 billion, with a year-on-year growth of 57%. (Chinese source: Henan Daily Reporter: Jia Yongbiao Translator: Hong Jianyuan)
