The National Association of Financial Market Institutional Investors (NAFMII)
issued a notice to support advanced manufacturing via the interbank bond market.
Firms that cut registered capital due to share buybacks where the reduction is
below 5% of registered capital at registration, or that see net assets fall by
more than 10% of prior‑year‑end net assets after repaying perpetual notes, may
be exempted from re‑submitting registration‑meeting review before issuing
advanced‑manufacturing debt financing instruments. NAFMII encourages use of
follow‑on equity issuance to improve financing convenience, and urges market
participants to step up underwriting and investment in advanced‑manufacturing
debt instruments and to leverage underwriting–market‑making linkage; related
services will be included in lead underwriters’ routine performance evaluations.
Market institutions are also encouraged to compile advanced‑manufacturing bonds
indices and develop index‑linked products to boost secondary‑market liquidity.
