People's Bank of China and Ministry of Finance, Announcement [2011] No.6

中国人民银行、财政部公告〔2011〕第6号

May 04, 2011 | BY

clpstaff &clp articles &

New rules on market making of newly issued critical-term bonds.

Clp Reference: 3700/11.04.15 Promulgated: 2011-04-15 Effective: 2011-06-01

Issued: April 15 2011
Effective: June 1 2011

Applicability: The term “newly issued critical-term treasury bonds” refers to the critical-term treasury bonds in the recent batch of book-entry treasury bonds with interest, excluding the non-critical-term treasury bonds and discount book-entry treasury bonds (Article 1).

Main contents: Market makers of the national interbank bond market shall carry out market making for at least four newly issued critical-term treasury bonds among the five critical terms, namely one year, three years, five years, seven years and 10 years, and for at least one bond among the most recently issued four treasury bonds for each critical term (Article 2). The minimum quote for a single transaction of newly issued critical-term bonds subject to market making shall be Rmb10 million at face value (Article 3).

Related legislation: PRC People's Bank of China Law (Revised), Dec 27 2003; and Provisions for the Administration of Market Makers of the National Interbank Bond Market, Jan 9 2007, CLP 2007 No.1 p.9

clp reference:3700/11.04.15promulgated:2011-04-15effective:2011-06-01

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