Anta Sports: Becoming One Of The First Non Financial Private Enterprises To Issue Panda Debt

According to the world clothing and shoe net, there has been a turnover in the capital market between Hongkong and the mainland in the 10 years since the 2007 launch of Anta sports.

More and more Hong Kong stocks "

"Like" return to the mainland financing, which also led to subtle changes in the positioning of Hongkong's capital market.

Recently, Anta sports (2020.HK), the leading sporting goods industry in China, announced at the Hongkong stock exchange that the company has been allowed to issue a 3 billion 600 million yuan "panda debt" on the mainland's Shanghai Stock Exchange.

This made it one of the first non-financial private enterprises to be issued with panda debt.

Anta sports said it believed that the mainland's capital market could provide a diversified financing channel for it.

This also reflects the aspiration of many Hong Kong stocks in the stock market. They are increasingly fond of financing in the mainland's capital market.

In the 10 years since the launch of Anta sports in 2007, there has been a reversal of the capital market between Hongkong and the mainland.

The announcement of Anta sports showed that in November 2016, Anta sports applied to the Shanghai Stock Exchange to issue the panda debt, which was not approved by the China Securities Regulatory Commission until April 26th this year.

The so-called "panda debt" refers to the Renminbi denominated bonds issued by overseas institutions in the mainland of China.

According to international practice, such bonds are usually named after the most characteristic mascot of the country. Japan has "samurai bonds", while the United States has "Yankee bonds".

With the fluctuation of the RMB exchange rate and the sharp fall in the cost of domestic debt financing, the mainland's panda debt market has become active, making the mainland's Hong Kong stock companies have a new choice in refinancing.

Prior to Anta sports, 1044.HK, which was listed in Hong Kong, was also allowed to issue a 5 billion Yuan Panda debt in the mainland.

These changes in the past 10 years are affecting the positioning of Hongkong's capital market, and some subtle changes are taking place.

The latest change is in the opening of the stock market interconnection, "Shanghai and Hong Kong through", "

"After that, HKEx is actively promoting" bond links "in order to communicate the bond market between Hongkong and the mainland.

Li Xiaojia, chief executive of the Hong Kong stock exchange, said publicly that the mainland is being pformed into a capital surplus. Therefore, Hongkong's future functions and roles need to be changed from pure capital function to helping mainland manage stock market and exchange rate market, and to manage risks such as interest rate, commodity and currency.

At present, there is no specific timetable for the implementation of bond exchanges.

Li Xiaojia said he personally hoped that "bond pass" could be announced before "71" Hongkong celebrates its return to 20th anniversary.

But the pace of Anta sports acquisition is not willing to wait. Recently, there are rumors that Anta sports has been "eyeing" PUMA.

After benefiting from FILA, Anta accelerated the pace of mergers and acquisitions and opened up the mode of multi brand operation.

In the year of 2016, the international high-end brand Descente revenue capsule, thus forming a high, middle and low income crowd full coverage of the brand matrix.

With 5 billion 830 million

The cash reserve, as well as the HK $3 billion 792 million raised in Hongkong, plus the 3 billion 600 million panda debt to be issued in the mainland, the cash in Anta sports will reach 12 billion 788 million yuan.

Although it is not sure what Anta sports wants to buy, it must have put a big trick on it.

More attention should be paid to the world clothing shoes and hats net.