On June 30, the Shanghai and Shenzhen Stock Exchanges officially implemented the “Detailed Rules for the Implementation of Bond Trading, Registration and Settlement Business for Foreign Institutional Investors”, and the Exchange, together with China Clearing Corporation, member institutions, custodian institutions and other market parties, steadily and orderly promote the implementation of the business.
The reporter was informed that on the first day of the implementation of the “Implementation Rules”, Bank of China (Hong Kong) Co., Ltd. and Bank of China Macau Branch successfully completed the first batch of transactions in the Shenzhen Stock Exchange in accordance with the “Implementation Rules”; the first transaction in the Shanghai Stock Exchange was CICC. and Bank of China Macau Branch. According to reports, the market ran smoothly that day, forming a good demonstration and driving effect.
In recent years, with the rapid development of the exchange bond market, the variety and characteristics have become increasingly abundant, and the attractiveness of foreign investors has gradually increased. After the release of the “Implementation Rules”, foreign investors rapidly expanded their investment channels and actively participated in it. BOC Hong Kong and BOC Macau apply to China Clearing for the opening of a legal person securities account with the inter-bank filing documents, and through the brokerage model, they reach bond spot transactions with their counterparties, Orient Securities and CITIC Securities, respectively.
The relevant person in charge of the Shanghai and Shenzhen exchanges said that the next step will continue to follow the unified deployment of the China Securities Regulatory Commission, actively promote the establishment and improvement of the mechanism and arrangements for foreign institutional investors to participate in the exchange bond market, and guide diversified investors to continue to participate in the exchange bond market stably. Continue to attract foreign medium and long-term funds into the market, enhance the two-way opening level of the bond market of the exchange, and further give full play to the strategic function of the bond market in serving the real economy.
(Wu Shaolong and Zhu Kai)Return to Sohu, see more
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