People's Bank of China, Inter-bank Bond Market Bond Issue On-site Supervision Rules

中国人民银行银行间债券市场债券发行现场管理规则

October 02, 2002 | BY

clpstaff &clp articles &

Issued: July 3 2002Effective: as of date of issue.Interpreting authority: People's Bank of ChinaApplicability: Inter-bank bond market issue centre activities…

Clp Reference: 3700/02.07.03 Promulgated: 2002-07-03 Effective: 2002-07-03

Issued: July 3 2002
Effective: as of date of issue.
Interpreting authority: People's Bank of China
Applicability: Inter-bank bond market issue centre activities at the China Development Bank, the Export-Import Bank of China and other institutions authorized by the People's Bank of China are bound by the Rules (Article 2).

Main content: When bonds are being issued, the People's Bank of China will send inspectors to perform on-site monitoring (Article 5). A bidder may employ the emergency bidding method when it is unable to establish a network connection with the central system, or when network communication is broken off or there is some type of malfunction (Article 9). Bond issue results become effective only after they are signed by the authorized representative of the issuer and an inspector from the People's Bank of China (Article 11).

clp reference:3700/02.07.03promulgated:2002-07-03effective:2002-07-03

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