Authoritative sources disclosed to the China Securities Journal on the 14th that the China Securities Regulatory Commission recently stated that the refinancing of nine restricted industries, such as steel, needs the opinions of the National Development and Reform Commission. Real estate companies need to solicit opinions from the Ministry of Land and Resources for refinancing.
The nine restricted industries are: steel, cement, flat glass, coal chemical, polysilicon, wind power equipment, electrolytic aluminum, shipbuilding, and large forgings.
He said that only part of the business involves real estate, for example, the issuer has a 20% equity investment in a real estate company, but also to seek the views of the Ministry of Land and Resources. In order to avoid affecting the audit progress, the issuance department of the China Securities Regulatory Commission recommends that if there is a portion of the business involving real estate, the issuer may consider disposing of the related real estate business before reporting.
He said that the China Securities Regulatory Commission made it clear that refinancing audits should focus on land use rights: whether land use rights have been acquired, whether there are legal obstacles to legal use, and whether the use rights certificates for new land have not yet been obtained do not affect refinancing. Acceptance of applications, but to the Securities and Exchange Commission to explain the extent of progress in the acquisition of relevant warrants, sponsors and lawyers should expressly express their opinions; Third, on how to deal with allocation of land problems, is still a blind spot, the Securities and Futures Commission is studying.
The nine restricted industries are: steel, cement, flat glass, coal chemical, polysilicon, wind power equipment, electrolytic aluminum, shipbuilding, and large forgings.
He said that only part of the business involves real estate, for example, the issuer has a 20% equity investment in a real estate company, but also to seek the views of the Ministry of Land and Resources. In order to avoid affecting the audit progress, the issuance department of the China Securities Regulatory Commission recommends that if there is a portion of the business involving real estate, the issuer may consider disposing of the related real estate business before reporting.
He said that the China Securities Regulatory Commission made it clear that refinancing audits should focus on land use rights: whether land use rights have been acquired, whether there are legal obstacles to legal use, and whether the use rights certificates for new land have not yet been obtained do not affect refinancing. Acceptance of applications, but to the Securities and Exchange Commission to explain the extent of progress in the acquisition of relevant warrants, sponsors and lawyers should expressly express their opinions; Third, on how to deal with allocation of land problems, is still a blind spot, the Securities and Futures Commission is studying.
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