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 fi

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 bond indices and develop index‑linked products to boost secondary‑market liquidity.