The direct fincancing of Shandong Province from January to May rose by 83.6% compared to the same period last year. This year, the province vigorously promotes the development of its capital market, accelerating efforts to tap into the potential of direct financing. From January to May 2013, the province achieved a sum of 93.975 billion yuan in direct financing, an increase of 42.8 billion yuan (or 83.6%) compared to last year.

This year, the re-financing of the province’s nine listed companies amounted to 4.412 billion yuan. 90 bonds of various kinds were issued from January to May, and financing came to a total of 90.175 billion yuan, with an increase of issue number and amount of financing of respectively 136% and 144%. Among them, the private debt issuance of small and medium sized enterprises (SME) particularly geared into the fast lane. This year, seven enterprises successfully issued SME bonds, raising 1.03 billion yuan. The restructure of Qilu Equity Trading Center Corporate proceeded smoothly with a total of 121 listed companies, 240 hosting companies and 1.6 billion yuan accumulated private financing. Insurance funds, trusts, financial leasing, pawning, asset management and other financing channels have all featured new development.