Announcement of the People´s Bank of China No.1 [2009]
January 7, 2009
With a view to
further promoting the sound development of the inter-bank bond market and
protecting the interests of the investors, the review and approval policy
regarding bond trading and circulation is adjusted as follows:
1. The floor
restriction of 500 million yuan for bonds to be issued on the inter-bank market
shall be rescinded, and Article 4(4) of the Rules on the Review and Approval
of Bond Trading and Circulation on the Inter-Bank Market (PBC Announcement
No.19 [2004]), Article 2 of PBC Announcement No.15 [2005] and Article 1(4) of
PBC Announcement No.30 [2005] shall be abolished.
2. The National
Inter-Bank Funding Center and the Central Government Bond Depository Trust and Clearing
Co., Ltd shall improve the work related to bond trading and circulation in
accordance with this Announcement and other relevant regulations of the People´s
Bank of China.
3. This
Announcement shall come into effect upon its release.
Download the Document(MS WORD format)
