Tuesday, August 27, 2013

Corporate pre-trial devolved to change departments at the provincial level

The national development and reform commission recently issued the "notice on further improve the work of enterprise bond issuance, decided to the current corporate bonds by the national development and reform commission, the preliminary work, commissioned to R=3D 45 degree Pipe Fitting Bend departments at the provincial level, the national development and reform commission will in future make policy guidance, business management training and qualifications. At the same time, notice to further standardize the corporate-bond issuance behavior and puts forward the specific requirements to carry out the cultivation of clean government. The personage inside course of study analysis, the move at the same time, improve the efficiency of corporate bonds issued further against the market risk, help the health work of corporate-bond issuance.

Notice to further clarify the corporate audit program flow. Among them, the local debt enterprise according to the program will be after the issuance of the application materials submitted to Long Radius 90 Deg carbon seamless elbow departments at the provincial level, provincial level change departments should be completed within 15 working days is intended to work. Hair change department at the provincial level to pre-trial materials submitted to the national development and reform commission, for in conformity with the relevant provisions of the "classes" to accelerate and simplify the audit's application for bond issuance, the national development and reform commission will further improve the efficiency of auditing. For "appropriate scale and rhythm control class", "class" strictly audit issuance application, the high-frequency ERW carbon steel tube national development and reform commission according to the national macro economic and financial situation and the macroeconomic regulation and control requirements, dynamic adjustment to accept the threshold, the reasonable control the scale of the bond. )Based on previous corporate-bond issuance process, hair change department at the provincial level only responsible for corporate application materials information, on a comprehensive review of pre-trial work, issuance of materials is performed by the national development and reform commission. Owing to the heavy duty, pre-trial work so send pre-trial right down to the provincial department, is beneficial to the forces of change departments at the provincial level, further improve the speed for examination and approval of corporate bonds.

Request to prevent risks, the provincial development and reform commission (NDRC) department is responsible for the preliminary work, shall establish a comprehensive corporate credit commitment system, signed a corporate credit pledge, guarantee the issuance of the application materials after the pre-qualification submitted strictly conform to the requirements of the various policy, documentation is accurate, complete and default faithless promise pre-trial work problems to receive the corresponding punishment. The national development and reform commission will regularly pre-trial work of provincial quality spot check, the pre-trial strengthen supervise the guidance quality is not high, can recover the pre-qualification when necessary.

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