CONFIDENTIAL
機密
Major types of securities in China
Annex 2
Securities
1. Financial Bond
(金融債券)
Issuer
Banks
Ministry of
Finance
Ministry of
Ministry of
Finance
基本
2. Treasury Bills
(国庫券)
3. State Key
Construction
Bonds (
點建設預為
4. Capital
Construction
Bonds (
建設債券
5. Fiscal Bonds
(財政債券)
6. Key Enterprise
Bonds
(重點企業債券)
Finance
Characterisitc
Comprising bonds with
flexible term to maturity and bonds with a fixed term of up to
Some of the issues are sold at a discount.
5 years.
For general revenue raising purpose.
For financing key capital construction projects. Circulation in market not allowed.
For financing general construction projects.
Ministry of
Finance
For financing fiscal deficit projected for a certain year.
Key
enterprises
Issue to enterprises and institutions only.
Issuers
7. Local Enterprise
Bonds
*
(地方企業債券)
8. Shares
Local
enterprises
Joint stock companies
include steel enterprises,
petrochemical enterprises,
electricity generation
enterprises and metal
enterprises.
Issue to general public
within the province, subject to sanction of the relevant securities authority.
At present, shares are classified into the following types:
A- for domestic investors
1. state-held shares
( 1 ) Be 1) 1/2 )
2. legal person shares*
(法人股)
3. internal staff shares
い内部職工股
}
4. public-held shares
(
社會個人股
機密
GF 323
CONFIDENTIAL #