On June 4, the National Development and Reform Commission approved Yiwu Economic and Technological Development Zone Development Co., Ltd.to issue 1 billion yuan of registered corporate bonds, which is the first batch of registered corporate bonds in Zhejiang Province under the new Securities Law. This time, there are only three companies to get approval in Zhejiang Province.

　　It is understood that the validity period of the registered corporate bonds issued by Yiwu Economic and Technological Development Zone Development Co., Ltd. is 24 months and theregistered scaleis 1 billion yuan, of which 600 million yuan is intended to be used for the resettlement housingproject in the west plot of Jiufu, Jiangdong Street. The project income mainly comes from the sales income of the resettlement housing and the parking space income, which are used to repay the loan principal and interest of the project. It is estimated that the operating income of the project is 3,345.88 million yuan; another 400 million yuan is used to supplement the company's working capital. This corporate bond will promote the development of theGreatEast Gate of Yiwu, promote rural agglomeration, accelerate the construction process of urbanization, and improve the living standards of residents.