Interim Measures for Administration of the Issuance of RMB Bonds by International Development Institutions
Interim Measures for Administration of the Issuance of RMB Bonds by International Development Institutions
Interim Measures for Administration of the Issuance of RMB Bonds by International Development Institutions
Announcement of the People's Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission [2010] No. 10
September 16, 2010
For the purposes of further regulating the issuance of RMB bonds by international development institutions and promoting the development and opening-up of Chinese bond market, the People's Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission has amended the Tentative Measures for Administration of the Issuance of RMB Bonds by International Development Institutions (Announcement of the People's Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission [2005] No. 5) promulgated on February 18, 2005, which is hereby re-promulgated.
Appendix:
Interim Measures for Administration of the Issuance of RMB Bonds by International Development Institutions
Article 1 For the purposes of regulating the issuance of RMB bonds by international development institutions and protecting the legitimate rights and interests of bond holders, these Measures are hereby formulated in accordance with the Law of the People's Republic of China on the People's Bank of China, the Securities Law of the People's Republic of China and other laws and regulations.
Article 2 For the purpose of these Measures, "international development institutions" shall refer to multi-lateral, bilateral and regional financial institutions for international development that engage in loans for and investments in development.
Article 3 For the purpose of these Measures, "RMB bonds by international development institutions" (hereinafter referred to as the "RMB bonds") shall refer to bonds denominated in RMB which are legally issued by international development institutions in China, interests and principal of which are agreed to be repaid within a certain period.
Article 4 International development institutions applying for issuance of RMB bonds in China shall submit applications for bond issuance to the window units such as the Ministry of Finance, which shall, after examination and approval on such applications in conjunction with the People's Bank of China and the National Development and Reform Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, etc., report to the State Council for approval.
Article 5 The National Development and Reform Commission together with the Ministry of Finance shall verify the scale of RMB bond issuance and the use of capital so raised in light of the national industrial policies, information on foreign capital and foreign debts, macro-economy and international payments and receipts.
Article 6 The People's Bank of China shall administer the issue interests of RMB bonds.
Article 7 The People's Bank of China shall be responsible for administering the RMB accounts and RMB cross-boarder payments related to RMB bond issuance and repayment.
......
Announcement of the People's Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission [2010] No. 10
September 16, 2010
For the purposes of further regulating the issuance of RMB bonds by international development institutions and promoting the development and opening-up of Chinese bond market, the People's Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission has amended the Tentative Measures for Administration of the Issuance of RMB Bonds by International Development Institutions (Announcement of the People's Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission [2005] No. 5) promulgated on February 18, 2005, which is hereby re-promulgated.
Appendix:
Interim Measures for Administration of the Issuance of RMB Bonds by International Development Institutions
Article 1 For the purposes of regulating the issuance of RMB bonds by international development institutions and protecting the legitimate rights and interests of bond holders, these Measures are hereby formulated in accordance with the Law of the People's Republic of China on the People's Bank of China, the Securities Law of the People's Republic of China and other laws and regulations.
Article 2 For the purpose of these Measures, "international development institutions" shall refer to multi-lateral, bilateral and regional financial institutions for international development that engage in loans for and investments in development.
Article 3 For the purpose of these Measures, "RMB bonds by international development institutions" (hereinafter referred to as the "RMB bonds") shall refer to bonds denominated in RMB which are legally issued by international development institutions in China, interests and principal of which are agreed to be repaid within a certain period.
Article 4 International development institutions applying for issuance of RMB bonds in China shall submit applications for bond issuance to the window units such as the Ministry of Finance, which shall, after examination and approval on such applications in conjunction with the People's Bank of China and the National Development and Reform Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, etc., report to the State Council for approval.
Article 5 The National Development and Reform Commission together with the Ministry of Finance shall verify the scale of RMB bond issuance and the use of capital so raised in light of the national industrial policies, information on foreign capital and foreign debts, macro-economy and international payments and receipts.
Article 6 The People's Bank of China shall administer the issue interests of RMB bonds.
Article 7 The People's Bank of China shall be responsible for administering the RMB accounts and RMB cross-boarder payments related to RMB bond issuance and repayment.
......