The 2016 corporate bond ( first series) has been issued successfully. On January 14, Shanghai State-owned Assets Operation Co., Ltd.(hereinafter referred to as “SSAO”) successfully issued the first series of 2016 corporate bond, with 1 billion Yuan issuing value , a five years duration and a coupon rate of 3%. After issuing its first 3 billion Yuan corporate bond on November 10, 2015, SSAO sought appropriate channel to do secondary issue. At the beginning of 2016 New Year, based on deep analysis of current bond market trends and issuing channels, SSAO kicked off the issuing process of a 1 billion Yuan corporate bond. On January 14, on the site for booking, various institutions bid enthusiastically, with 67 institutional investors, in total, making offers, the bidding value totaling at 9.057 billion Yuan. Finally, the five-year 1 billion bond was settled, with a coupon rate of 3%, the cheapest record in the current market. The successful issue of corporate bond at a relatively low coupon rate will further improve the liability composition of SSAO and lower its financing cost. In the near future, SSAO will issue a variety of financial instruments, such as Medium Term Note and short-term financing ones, so as to greatly expand direct financing channels and enhance its financing system.