People's Bank of China, Rules for the Recognition of Standard Debt Assets (Draft for Comments)

Applicability: For the purposes of these Rules, the term "standard debt asset" means lawfully offered fixed-return securities such as bonds and asset-backed securities, mainly including sovereign bonds, central bank bills, local government bonds, bonds of government-backed agencies, financial bonds, debt financing instruments of non-financial enterprises, company bonds, enterprise bonds, international institution bonds, interbank negotiable certificates of deposit, credit asset-backed securities, asset-backed notes, asset-backed securities listed and traded on a stock market, as well as publicly offered fixed-return securities investment funds (Article 1).

Main contents: The Rules expressly state that an infrastructure institution that provides infrastructure services such as registration, custody, clearing and settlement for debt assets, shall be the applicant entity to submit an application for recognition of standard debt assets to the People's Bank of China (Articles 2 and 3).