The data shows that as of June 65438+ 10/2, 18 listed companies have successively disclosed their plans for fixed increase during the year. It is estimated that the total amount of funds raised will reach 16 1 100 million yuan, and the funds will be mainly used in the fields of project financing, asset acquisition and liquidity replenishment. In contrast, last year and the same period of the previous year, no listed company launched a fixed-income plan.
Tian, vice president of Guangxi University and dean of the Financial Development Research Institute of Nankai University, told the Securities Daily reporter that "the fixed market will usher in a' good start' in 2023, which is the performance of economic recovery and stock market recovery. It is also the embodiment of entrepreneurs' confidence in listed companies in China. This also reflects the confidence of China investors in economic growth, market development and company performance. In 2023, the number of listed companies participating in the fixed increase in China is expected to increase substantially, and the scale will also increase substantially. "
The frequent appearance of listed real estate enterprises has become a remarkable feature of this year's fixed market. With the issuance of the "third arrow" at the end of last year 1 1, the refinancing door of listed real estate enterprises restarted and gradually became active in the fixed-income market.
"After the release of the' third arrow' policy, equity financing further opened the financing channels for real estate enterprises. A number of housing enterprises immediately joined the fixed-income team, including housing enterprises with better financing qualifications and housing enterprises trying to resolve the debt crisis. " Yang Chao, head of the strategy team of Galaxy Securities, told the Securities Daily reporter.
Yang Chao further analyzed that for real estate enterprises, especially those with poor financing qualifications, the fixed increase can mitigate risks and ensure the liquidity of real estate enterprises. In the short term, real estate enterprises will get out of the liquidity dilemma; In the medium and long term, the fixed increase is undoubtedly the "stable blood" of real estate enterprises, helping enterprises to carry out business or transformation smoothly.
Of the aforementioned 18 listed companies, 3 are from the real estate industry, including New Huangpu, Zhongnan Construction and Tiandiyuan.
Fu Rao, executive director of the Hong Kong Institute of International New Economics, told the Securities Daily reporter that "by raising funds, housing enterprises can be helped to ensure the delivery of buildings, repay debts and replenish liquidity. At the same time, financing is used to stimulate sales, promote the improvement of liquidity at the operating end, and fundamentally solve the liquidity problem. "
At the beginning of the new year, the "good start" of the fixed market has also made people in the industry generally optimistic about this year's market.
Judging from the current situation, the supply in the fixed market is relatively sufficient this year. The data shows that as of June 65438+ 10/2, 95 listed companies' fixed-income plans have been approved for issuance.
Yang Chao predicted that the fixed-income market will continue to pick up in 2023, and the A-share market is expected to gradually enter the risk appetite promotion channel. Affected by multiple factors such as the expected rebound in the capital market and the increase in the supply of fixed-income projects, it is estimated that the fixed-income scale will be more than 700 billion yuan in 2023.