262b yuan financial bonds for MSEs approved by June

In its Supplementary Notice of the China Banking Regulatory Commission on Supporting Commercial Banks in Further Improving Financial Services for Micro- and Small-sized Enterprises (hereinafter referred to as Supplementary Notice) issued on October 25 of 2011, China Banking Regulatory Commission (CBRC) stated clearly to support commercial banks to issue financial bond special for loans to micro- and small-sized enterprises (MSEs). Banks gave a positive response and China Minsheng Bank took the initiative to issue RMB50 billion yuan financial bond for MSEs. According to the data released by CBRC at the end of October of 2012, CBRC had approved RMB262 billion yuan financial bond for MSEs by the end of June this year.

Expert forecasted in the beginning of this year that nearly RMB1 trillion yuan financial bond for MSEs would be issued this year. However, less than RMB300 billion yuan was issued in the first half of the year, so there was a gap compared with the expert forecast. Thus, there is still a speedup space for the issuance of financial bond for MSEs.

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