On August 30, Shanghai State-Owned Assets Management Co., Ltd. (SSAM) issued its second-tranche ultra-short-term bonds in 2019 (19 Hu Guo Zi SCP002), with an issuing scale of 1 billion yuan, a term of 90 days and a coupon rate of 2.70%. It was the first time that the lead underwriter Shanghai Rural Commercial Bank and the co-lead underwriter Industrial Bank had joined hands with SSAM to issue bonds. The issuance marks SSAM's successful attempt to further broaden the range of direct financing cooperation with financial institutions.

While significantly reducing SSAM's financial expenses, the successful issuance of 19 Hu Guo Zi SCP002 has further improved SSAM's debt maturity structure, financially supported the major strategies and business development of SIG and SSAM, and effectively enhanced SSAM's image in the capital market. In the future, SSAM will still pay close attention to changes in monetary policies, rationally set the tempo of issuance according to market trends and capital needs, grasp the financing window, improve the assets and liabilities structure, and provide financial guarantee in a scientific way.