FAW Jiefang successfully completed its first A-share refinancing, raising RMB 2 billion

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On October 14, FAW Jiefang Group Co., Ltd. completed its first A-share refinancing since its reorganization and listing, raising RMB 2 billion. This is the largest market-based A-share refinancing project since the China Securities Regulatory Commission optimized the refinancing supervision arrangement in August 2023. With its two consecutive years of A-level information disclosure evaluation qualifications, FAW Jiefang obtained the Shenzhen Stock Exchange's classification review channel qualification and was approved by the Shenzhen Stock Exchange within two months after the project application.