Shenwan Hongyuan assists Fujian Jinshang Holdings Group in successfully issuing 500 million yuan corporate bonds

（Source: Shenwan Hongyuan Rongcheng）

On March 16, 2026, “Fujian Jinsang Holdings Group Co., Ltd. 2026 non-public issuance of corporate bonds (Phase One) targeting professional investors” underwritten by Shenwan Hongyuan was successfully issued and listed. The issuance size of this bond was RMB 500 million, with a term of 3+2 years and a coupon rate of 1.99%. This bond is the issuer’s first issuance in China’s domestic capital market. The issuance yield reached a historical low for private corporate bonds of the same province (Fujian) at the same rating and maturity.

As Fujian Jinsang Holdings Group Co., Ltd., an important state-owned asset investment and operation entity in Jinjiang City, the issuer mainly undertakes functions of operating and managing state-owned assets in Jinjiang and investing and operating key developed industries. Moreover, as the construction of the issuer’s park development projects has continued to be advanced in recent years, the importance of its functions has become increasingly prominent, and it has strong business competitiveness and regional significance. This issuance will not only greatly optimize the company’s debt structure and financing costs, and enhance its core competitiveness, but will also precisely empower the development of related industries in Jinjiang’s opening-up to the outside world. This is both a vivid practice of Jinjiang state-owned enterprises inheriting, carrying forward, and innovating the “Jinjiang Experience,” and of implementing the opening-up strategy, and it also provides a replicable and scalable demonstration path for regional state-owned enterprises to serve local opening-up to the outside world by leveraging the multi-level capital market and to integrate into the Belt and Road Initiative.

As this bond is the issuer’s debut in China’s domestic capital market, it fully reflects the capital market’s high recognition of the issuer’s overall strength, development prospects, and location advantages. The successful issuance of this bond further lays a solid foundation for Shenwan Hongyuan to deepen its cooperation with the issuer, and also demonstrates Shenwan Hongyuan’s business orientation guided by the principle of using the capital market to support local opening-up to the outside world and to serve national strategies.

Looking ahead, Shenwan Hongyuan will continue to follow the main line of serving national strategies and serving the real economy, focus on key regions and core clients, promote high-quality regional economic development, and live up to the responsibilities and commitments of a financial central enterprise.

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