National Development and Reform Commission, Opinions on the Key Work Involved in Intensifying Economic System Reform in 2015

国家发展和改革委员会关于2015年深化经济体制改革重点工作的意见

June 04, 2015 | BY

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NDRC puts forward reform of the share offering registration system.

Issued: May 8 2015



Main contents: The Opinions put forward the following:



(1) Promoting market-determined interest rate reform, launching at the appropriate time the offering of certificates of deposit to institutions and individuals, expanding the range of market-determined pricing of debt products of financial institutions and relaxing deposit interest rate controls in an orderly fashion.

(2) Launching, at the appropriate opportunity, a pilot project for offshore investing by qualified domestic individual investors (Article 18).

(3) Implementing reform of the share offering registration system, exploring the establishment of a multi-level mechanism for changing boards in the capital markets, developing regional equity markets that cater to small and medium enterprises and launching a pilot project for equity crowdfunding and financing.

(4) Promoting credit asset securitisation, developing bond markets and increasing direct financing ratios (Article 19).

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