Recently, National Development and Reform Commission (hereinafter referred to as NDRC) approved 1-billion-yuan enterprise bond registration application of Yichang Xinyuan Investment Development Co., Ltd. This is the first enterprise bond issued through registration after the change from the approval system to the registration system in March this year.

　　On March 1, Notice of NDRC on Issues Related to the Implementation of Corporate Bond Registration System was launched. The Municipal Development and Reform Commission studied and launched new policies to cultivate and guide high-quality entities to issue bonds for financing. From the beginning of this year, there were 6 corporate bonds registered, with a total of 5.259 billion yuan. Among them five were approved, with the size of 5.819 billion yuan and one registered, with a total of 1 billion yuan. Also, four were issued with a scale of 3.75 billion yuan. This registered enterprise bond raised 1 billion yuan, while 700 million yuan was used for the standardization workshop construction project of Shuanglian Equipment Industrial Park in Dangyang city and 300 million yuan was used to supplement the working capital. (Reporter Gao Wei; Correspondent Chen Meng.)