Shanghai: Facilitating the Re-Financing of Technology Enterprises to Promote the Implementation of the Shelf Registration System for Re-Financing.

The Office of the Financial Committee of the Shanghai Municipal Committee of the Communist Party of China, and the Shanghai Development and Reform Commission issued the "Several Measures for Shanghai to Fully Utilize the Function of Direct Financing and Further Strengthen Technological Financial Services", which includes facilitating the refinancing of technology enterprises. This includes utilizing policies to support refinancing, optimizing the refinancing approval process and intervals, allowing enterprises that have not yet turned a profit or are experiencing declining stock prices to refinance, improving refinancing application materials, and supporting technology enterprises to flexibly use tools such as rights issues, share offerings, and convertible bonds for financing. It also promotes the implementation of the shelf issuance system for refinancing.