01The Shenzhen Stock Exchange and the real estate industry overcapacity corporate debt classification |The Shenzhen Stock Exchange and the real estate industry overcapacity corporate debt classification 4

The Shenzhen Stock Exchange and the real estate industry overcapacity corporate debt classification regulation of landing We want you! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! Original title: Shenzhen real estate industry overcapacity and corporate bonds regulatory classification China landing securities network (reporter Wang Xiaoyu) following the Shanghai Stock Exchange and is clear about the real estate industry overcapacity corporate bonds regulatory classification standard, the Shenzhen Stock Exchange also issued "on the day before the trial, the real estate industry overcapacity corporate bond classification regulation the letter" (hereinafter referred to as "regulatory letter"). Similar provisions of the Shanghai Stock Exchange, the Shenzhen Stock Exchange, similar to the real estate industry overcapacity adopted "basis + evaluation", "industrial policy and comprehensive evaluation index" classification regulation standard, and the provisions of the real estate, coal and steel enterprises should be reasonable and prudent to determine the size of fund-raising, clearly raise funds the use and duration of disclosure arrangements. At the same time, the regulatory letter also clear real estate companies to raise funds for corporate bonds shall not be used for the purchase of land. The regulatory letter said, in order to promote the healthy development of the market norms, corporate bonds, corporate bonds requires excess industry issuer information disclosure and solvency of real estate, production capacity, strengthen investor protection mechanism and the terms of the contract arrangements, to raise funds to strengthen the use of management, strengthen the underwriting institution requirements verification, so the real estate, industry overcapacity corporate bond issuance examination for regulatory classification. For real estate enterprises, the "basis" is the real estate enterprises to declare the basic conditions of corporate bonds shall be consistent with the comprehensive evaluation index is further classified to meet the basic requirements of the real estate business scope, according to the index of enterprises will be divided into normal, attention and risk. Good quality, the main rating of AA and above and to strictly implement the national real estate industry policy and market regulation policy of the real estate enterprises is based on the following types of scope, including the following four categories of enterprises: (1) domestic and overseas listed real estate enterprises; (2) to the real estate industry of the central enterprises (3); the provincial government (including municipalities), the capital city of sub provincial city and the municipalities of local government owned real estate enterprises; (4) Chinese Real Estate Association ranked the top 100 other private real estate enterprises. In addition, encourage and support mainly engaged in the construction of affordable housing in line with the national industry policy oriented real estate companies through the issuance of corporate bonds for project financing. In accordance with the requirements of the basic scope of the real estate business, the regulatory letter also through five comprehensive indicators to do further evaluation of the evaluation, the housing prices will be divided into normal class, class and risk categories. These five indicators: the most recent year-end total assets of less than 20 billion, the most recent year operating income of less than 3 billion, the most recent year after deducting non recurring net profit is negative, the end of the most recent net assets and liabilities after the pre collection rate of more than 65%, the real estate business in a second tier cities accounted for more than 50%. According to the above indicators, the real estate business is divided into normal class, class and risk categories. Among them, the trigger theory