People's Bank of China Notice [2005] No.15

Issued: June 15 2005
Applicability: Matters not provided in the Notice shall be handled in accordance with relevant provisions of the Measures for the Administration of Bond Transactions in the National Inter-bank Bond Market and the Rules for the Verification of the Trading of Bonds in the National Inter-bank Bond Market (Item Eight).

Main contents: An entrusted institution applying for trading of asset-backed securities issued by it on the inter-bank bond market, its actual issue size of asset-backed securities of each period shall be no less than Rmb500 million; and the actual issue size of asset-backed securities of various classes of the same period shall be no less than Rmb200 million (Item Two). Asset-backed securities shall be traded on the inter-bank bond market by way of cash bond trading (Item Three). The promoter and entrusted institutions of asset-backed securities may not subscribe for or engage in the trading of asset-backed securities promoted or issued by them, with the exception of early redemption by entrusted institutions in accordance with relevant provisions (or contracts) (Item Four).
Related legislations: Measures for the Administration of Bond Transactions in the National Inter-bank Bond Market, Apr 30 2000, CLP 2000 No.6 p.9 and Rules for the Verification of the Trading of Bonds in the National Inter-bank Bond Market, Dec 7 2004, CLP 2005 No.2 p.6