People's Bank of China, Measures for the Administration of Debt Financing Instruments of Non-financial Enterprises in the Interbank Bond Market
中国人民银行银行间债券市场非金融企业债务融资工具管理办法
July 09, 2008 | BY
clpstaff &clp articles &Issue of bonds by non-financial enterprises made easier.
Issued: April 9 2008
Effective: April 15 2008
Applicability: The term “debt financing instruments of non-financial enterprises” (Debt Financing Instruments) refers to negotiable securities issued by non-financial enterprises with legal personality (Enterprises) on the interbank bond market for which principal repayment and interest payment are agreed to be made within a certain time period (Article 2).
These Measures also apply to short-term financing bills (Article 20).
Main Contents: To issue a Debt Financing Instrument, an Enterprise shall register with the National Association of Financial Market Institutional Investors (NAFMII) (Article 4). NAFMII shall implement self-regulation on the issuance and trading of debt financing instruments in accordance with these Measures and relevant provisions of the People's Bank of China (Article 13).
Related Legislation: PRC People's Bank of China Law (Revised), Dec 27 2003, CLP 2004 No.1 p.4
Repealed Legislation: Measures for the Administration of Short-term Financing Bills, May 23 2005; Rules for Underwriting of Short-term Financing Bills, May 23 2005; and Rules on Information Disclosure of Short-term Financing Bills, May 23 2005
clp reference:3700/08.04.09promulgated:2008-04-09effective:2008-04-15This premium content is reserved for
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