The Shanghai Stock Exchange has established a fast-track approval mechanism for the issuance of corporate bonds and asset-backed securities to help areas worst hit by the Covid-19 outbreak.
The green-track measure is aimed at boosting fund raising for epidemic prevention and control measures.
The exchange will optimize work processes and implement “special affairs” to enable the quick issuance of debt.
The exchange has also suspended calculation of the time limit for corporate bond and asset-backed securities, the time limit for triggering termination after suspension and the validity period of approvals. At the same time it’s pushing as much work as possible online.