China's central bank optimizes bond transaction, circulation mechanism
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.
Copyright © 2018 www.chinaknowledge.com
Send feedback or comments to: firstname.lastname@example.org
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com
To access our page on Bloomberg, type CKFI