The Northern Exchange Company accelerates refinancing, 7 companies try out simplified procedures in two months.

Changhong Energy disclosed its latest plan to raise no more than 903 million yuan through private placement, which will be used for overseas production base construction projects, as well as supplementing working capital and repaying loans. This is the company's first refinancing since its listing on the North Securities Exchange. Including Changhong Energy, according to preliminary statistics from the announcement, after the implementation of a package of optimization measures for refinancing, several North Securities Exchange companies have disclosed refinancing plans or board authorization announcements in the past two months. These companies have adopted various methods such as private placement and convertible bonds. It is worth mentioning that several North Securities Exchange companies have actively tried out the streamlined refinancing process, including Haineng Technology and Jikang Technology. "In terms of procedures, listed companies disclose simplified procedures for shareholder approval, and then disclose the plan when the refinancing is launched," an industry insider told reporters. In terms of policy, in early February, the Shanghai and Shenzhen North Securities Exchange introduced a package of optimization measures for refinancing, which have been continuously implemented and effective. Fan Xiangxiang, an analyst at Guotai Junan Securities North Securities Exchange, said that with the increasing number of listed companies on the North Securities Exchange, the demand for refinancing is gradually increasing. In the future, as more companies with strong fundamentals expand, private placement and convertible bonds are expected to become normalized refinancing tools on the North Securities Exchange.