PPP projects passed for securitization
Print Edition
Chinese regulators have approved several infrastructure projects funded by public-private partnerships to raise funds through securitization, a move that aims to attract private capital to such projects.
The country’s stock exchanges have reviewed applications from the first group of nine PPP-funded infrastructure projects that intend to issue securities, and have given the green light to some of them, said a China Securities Regulatory Commission statement.
The approved projects include a tunnel construction project that will raise 1.2 billion yuan (US$174 million) and a heating project to raise 700 million yuan, the Shanghai Stock Exchange said in a statement.
The Chinese government has encouraged the adoption of PPP, a collaborative investment model between government and private companies, in infrastructure projects amid concerns over heavy local government debt.
Authorities began to allow asset-backed securitization for PPP-funded infrastructure projects in December — a new way of tapping private funds for those projects.
The securitization of PPP-funded projects can help expand funding channels, lower financing costs and better attract private capital, the CSRC said.
By the end of 2016, a total of 11,260 PPP-funded projects were registered, with 1,351 projects signed with a total investment of 2.2 trillion yuan, said the China Public Private Partnerships Center under the Ministry of Finance.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
