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自9月1日起,上交所《关于对公司债券实施风险警示相关事项的通知》和深交所《关于对公司债券交易实行风险警示等相关事项的通知》同时施行,这意味着,上交所和深交所对公司债交易引入了风险警示机制(即“ST”机制)。根据上交所的规定,评级AA-以下、过去两个会计年度业绩亏损或者具备其他可能影响偿债能力的公募上市债券,将被实施风险警示;深交所则更加严格,主要体现为最近一个会计年度业绩亏损即存在被警示的可能。
Since September 1, the SSE Notice on Matters Concerning the Implementation of Risk Warning on Corporate Bonds and the Notice of Shenzhen Stock Exchange on Issues Related to Implementing Risk Warning on Corporate Bond Transactions have been implemented simultaneously, which means that the SSE and the Shenzhen Stock Exchange Risk alert mechanism has been introduced for corporate debt transactions (ie, “ST” mechanism). According to the Shanghai Stock Exchange, the rating AA-following, the performance of the past two fiscal years loss or other may affect the solvency of public offering of listed bonds, will be implemented risk warning; the Shenzhen Stock Exchange is more stringent, mainly reflected in the most recent fiscal year results Loss that there is the possibility of being warned.