Nine industry refinancing needs to seek the views of the NDRC

Authorities on the 14th to the China Securities Journal revealed that the Commission recently made it clear that steel and other nine restricted industries need to seek refinancing NDRC advice, real estate refinancing companies need to seek the views of the Ministry of Land and Resources. The nine restricted industries are: steel, cement, flat glass, coal chemical industry, polysilicon, wind power equipment, electrolytic aluminum, shipbuilding, large forging pieces. He said that only part of the business involved in real estate, for example, the issuer in a real estate company has 20% equity investment, but also seek the views of the Ministry of Land and Resources. In order to avoid affecting the audit progress, the Securities and Futures Commission recommended that if there is a part of the business involved in real estate, the issuer may consider before the declaration, the disposal of related real estate business. He said the SFC clearly refuse to review the land use rights should pay attention to: First, whether the land has been obtained, whether there is legal use of law barriers; Second, if the new land use right certificate has not been obtained, does not affect the refinancing However, it is necessary to explain to CSRC about the progress of obtaining relevant warrants, and the sponsors and lawyers should express their opinions clearly. Thirdly, the issue of how to allocate land for use is still blind and the SFC is studying the application.