China News Agency, Beijing, February 10 (Reporter Chen Kangliang) The China Securities Regulatory Commission held the 2023 bond supervision work conference on the 10th to summarize the bond supervision work, analyze the current situation, and study and deploy key tasks for bond supervision in 2023.
Among them, the meeting emphasized the need to comprehensively deepen the construction of the REITs (real estate investment trust fund) market, insist on equal emphasis on development and regulation, and fully promote the high-quality development of the REITs market.
Since the pilot project of infrastructure REITs was launched in April 2020, how to deepen the construction of the REITs market has been attracting attention.
In December last year, Li Chao, vice chairman of the China Securities Regulatory Commission, stated that the China Securities Regulatory Commission will adhere to the fundamental purpose of serving the real economy, strengthen systematic thinking and market concepts, and use the promotion of normalized issuance as a starting point to accelerate the promotion of high-quality development of the market with Chinese characteristics. The road to development of the REITs market.
Regarding how to develop the REITs market with Chinese characteristics, Li Chao revealed at the time that the following work should be done well: maintain normalized issuance, and give full play to the scale effect and demonstration effect.
Improve the market system and promote the construction of a multi-level market system.
Strengthen interim and ex-post supervision to promote the smooth operation of the market.
Improve laws and regulations to lay a solid foundation for long-term market development.
Make full use of the joint efforts of all parties to promote the sustainable and healthy development of the market.
In addition to comprehensively deepening the construction of the REITs market, the 2023 Bond Supervision Work Conference also emphasized that it is necessary to comprehensively deepen the function of the bond market, highlighting services for stable growth and the development of the real economy, and helping to increase the proportion of direct financing.
Comprehensively deepen the prevention and resolution of key bond risks, strive to further reduce the risk of bond default, and protect the legitimate rights and interests of investors.
Comprehensively deepen the reform of the bond registration system, strengthen the construction of basic market systems, and enhance market resilience and vitality.
Comprehensively deepen the supervision of bond technology, improve the supervision system and mechanism in line with the characteristics of bonds, etc.
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