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May 24, 2024

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The dealer association supports more foreign institutions to participate in the inter -bank bond market compliant

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According to the news on March 25th, the China Banking Market Traders Association. At present, a total o

  According to the news on March 25th, the China Banking Market Traders Association. At present, a total of 13 foreign financial institutions have expanded the scope of bond underwriting business through market -oriented evaluations, and have played their characteristics and advantages.change.Support more foreign -funded institutions to compl out and participate in the inter -bank bond market.

  The General Office of the State Council recently issued the “solidly promoting high -level opening to the outside world to attract and use foreign -funded action plans” (hereinafter referred to as the “Action Plan”), and proposed 24 measures in 5 aspects, which clearly stated that it is necessary to expand foreign financial institutions to participate in the domestic bond market to participate in the domestic bond market.The scope of business and supports qualified foreign financial institutions participate in domestic bond underwriting in accordance with regulations.

  Since its establishment, the dealers’ association has carefully fulfilled the duties of market self -discipline organizations, and promoted the sustainable and stable development of the inter -bank market with market -oriented concepts and mechanisms. Under the guidance of the People’s Bank of China, the classified and layered management mechanism of innovative underwriting institutions was opened to open up for foreign financial institutions for foreign financial institutionsPromoting the market -oriented evaluation path of debt financing instruments and main inheritors.In 2023, in order to implement the series of policy spirit of the Party Central Committee and the State Council on expanding the high level of opening up the financial industry, the dealer association has studied and launched a series of specific measures for the reform mechanism reform mechanism.Promote high -quality construction of foreign underwriting agencies.

  On December 4, 2023, the dealers’ association launched a market evaluation work to apply for a non -financial corporate debt financing instrument to underwhn.In order to respond to the eager expectations of the market in a timely manner, the internal forces and market experts were promoted efficiently, and the market evaluation results were released on January 18, 2024.Two of the 27 financial institutions that have passed the market evaluation are foreign financial institutions, of which 3 foreign banks have become non -financial corporate debt financing instruments. The general underwriter; 3 foreign banks have become special underwriters for foreign non -financial corporate debt financing instruments.; Four foreign banks have become underwriters of non -financial corporate debt financing instruments.

  According to the dealers’ association, the dealer association has introduced a total of 13 foreign underwriting agencies, covering the United States, France, Germany, Britain, Japan, New and other countries, as well as Hong Kong and Taiwan regions.Among them, there are generally 5 non -financial corporate debt financing instruments, 3 special underwriters of non -financial corporate debt financing instruments, and 5 non -financial corporate debt financing instruments underwriters.

  From a practical point of view, the dealers’ association said that strengthening the construction of foreign underwriting institutions, and played a positive role in promoting the high level of opening up the inter -bank market: First, foreign financial institutions expand their business scope, enhance comprehensive service capabilities, provide the real economy withDiversified financial services; the second is to introduce more overseas issuers and investors through the global network of foreign financial institutions to help build a new development pattern of mutual promotion of domestic and international dual cycles; third, use foreign financial institutions to introduce international advanced experience.Promote the innovation of the inter -bank market system, and improve the international level of the inter -bank market system environment.

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