CHI CB Bond Market Counter Business

On Aug. 4, CHI CB proposed notice regarding interbank bond market.

  • CHI CB proposed Notice on matters related to interbank bond market counter business, to promote standardized development of interbank bond market counter business.
  • Notice
  • The notice allows licensed financial institutions, asset management institutions, and products managed by these institutions to participate in the counter business.
  • Institutional investors can invest in financial bonds, corporate bonds, other interbank market bonds, transaction options are broadened to include bond lending, derivatives.
  • Institutional investors can invest in all bonds traded in interbank market, restrictions on account opening, advance funding for interest payment, redemption are relaxed.
  • Institutions must establish appropriate investor suitability management systems, strengthen internal controls, develop robust systems to manage and mitigate risks.
  • Consultation End
  • The consultation is open for comments until Sep. 3, 2023.
  • Feb. 2024 Implementation
  • On Feb. 29, 2024, CHI CB implemented the Notice on matters related to the counter business of the interbank bond market, and answered reporters' questions.
  • Defines investors, including individual investors, enterprises and financial institutions.
  • Expand product scope to include government bonds and local government bonds.
  • The notice will be effective from May 1, 2024.
  • Document dated Feb. 29, 2024, was received on Mar. 1, 2024 due to a new feed.
  • Mar. 2024 Symposium
  • On Mar. 13, 2024, CHI CB organized symposium on bond market counter business, to enhance the quality of the bond market and expand income channels for residents.
  • Counter bond business plays a crucial role in inclusive finance, increasing direct financing, optimizing the financial system, and fostering a multi-tiered bond market.
  • Participants were urged to collaborate closely, refine rules, improve infrastructure.

Regulators CHI CB
Entity Types Bank; Inv Co
Reference PR 3/13/2024; RN PBC No. 45 (2024); CP, 8/4/2023
Functions Compliance; Financial; Reporting; Risk; Trading; Treasury
Countries China
Products Banking; Fixed Income; Fund Mgt
Regions AP
Rule Type Final
Rule Date 8/4/2023
Effective Date 5/1/2024
Rule Id 181301
Linked to N/A
Reg. Last Update 3/13/2024
Report Section International

Last substantive update on 03/18/2024