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China's central bank optimizes bond transaction, circulation mechanism

CKN
minutes 2021/04/07 03:01:12
2,354

Apr 07, 2021 (China Knowledge) - The People's Bank of China (PBoC) said that it has further optimized its bond transaction and circulation mechanism, aiming for higher efficiency while enhancing the ability of the bond market to serve the real economy.

The new arrangements include establishing direct system connections between infrastructure organizations in order to implement electronic transmission, as well as strengthening the intermediary service functions of these organizations.

It also stated that the issuers or lead underwriters are no longer required to provide the interbank lending center with a list of initial holders and their holdings.

To further promote the high-quality development of the bond market, the bank will continue to guide infrastructure organizations to perform their service functions well and fine-tune the system of bond transactions in the interbank market.

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