People's Bank of China and China Securities Regulatory Commission, Announcement [2020] No.7

中国人民银行、中国证券监督管理委员会公告 [2020] 第7号

July 30, 2020 | BY

Susan Mok

The interbank bond market and stock exchange bond market are integrated

Clp Reference: 3700/20.07.19 Promulgated: 2020-07-19
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Issued: July 19, 2020

Applicability: The term "mutual access" means the institutional arrangement whereby qualified investors on the interbank bond market and stock exchange bond market may buy and sell bonds that are tradable on the two markets through the link between the relevant infrastructure institutions of the two markets (Article 1).

Nominee holder accounts shall be mutually opened among bond registration, custody and settlement institutions of the interbank bond market or among bond registration, custody and settlement institutions of the interbank bond market and stock exchange bond market to record the balance of all nominally held bonds (Article 3).

The China Development Bank and policy banks, state-owned commercial banks, commercial banks organized as joint stock limited companies, urban commercial banks, foreign-invested banks in China and other banks listed in China may participate in the trading of spot agreements on a stock exchange bond market either through the mutual access mechanism or by directly opening an account (Article 7).

clp reference: 3700/20.07.19 issued:2020-07-19

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