The Shenzhen Stock Exchange ("SZSE") has recently enacted and issued the Implementing Rules for the Convertible Corporate Bonds Business (Revised in December 2018), the Guidelines for Handling the Issuance and Listing of Convertible Corporate Bonds of Listed Companies (Revised in December 2018) and the Guidelines for Handling the Issuance and Listing of Exchangeable Corporate Bonds (Revised in December 2018) (collectively as the "Business Rules"), all of which have taken effect immediately from the date of issuance.
The Business Rules replace the previous subscription of convertible corporate bonds (the "convertible bonds") and exchangeable corporate bonds (the "exchangeable bonds") via multiple accounts, with......