In order to further enhance the capacity of the bond market to serve the real economy, facilitate entities of the bond market, and optimize services related to bond trading and circulation on the interbank bond market, the following amendments are hereby made to the provisions of Announcement No. 9 [2015] of the People’s Bank of China.
1. Article 4 is amended as as “China Central Depository & Clearing Co., Ltd. and Shanghai Clearing House (hereinafter collectively referred to as the “bond registration, custody and settlement institutions”) shall establish direct system connection with the National Inter-bank Funding Center (NIFC) and electronically exchange and transfer the elements of bond trading and circulation information on the day of bond registration.
Elements of bond trading and circulation mainly include the name of securities, the brief name of securities, securities code, the total amount of issue, the term of securities, annual coupon rate, par value, method for interest calculation, frequency of interest payment, date of issue, value date, registration day of claims and debts, termination date of transaction and circulation, date of redemption, issue price, right information, information on floating rate bonds, and other necessary information.”
2. Article 5 is deleted.
3. Article 6 is amended as “The NIFC shall, within one working day of receipt of complete elements of bond trading and circulation, make proper preparations for bond trading and circulation services in accordance with the requirements of this Announcement.”
This Announcement takes effect on May 6, 2021.
The People's Bank of China
April 2, 2021
