Non-financial enterprise debt financing instruments, (hereinafter referred to as "debt financing instruments"), constitute negotiable securities issued within the interbank bond market by non-financial enterprises possessing legal person status. These instruments are subject to registration and approval by the National Association of Financial Market Institutional Investors (NAFMII). They stipulate the repayment of principal and interest within a predefined period. Existing categories encompass commercial paper (CP), medium-term notes (MTN), SME collective notes (SMECN), and ultra-short-term financing bonds (SCP).

　　Debt financing instruments represent an excellent option for strong enterprises seeking access to public market financing, offering advantages such as significant market integration, flexible and autonomous financing options, lower financing costs, and the potential to enhance corporate image and brand.