Administrative Measures for the Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market

Administrative Measures of the Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market 

Order of the People's Bank of China [2008] No. 1

April 9, 2008

The Administratie Measures for the Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market are formulated by the People's Bank of China in order to further improve the administration of the inter-bank bond market and promote the development of direct debt financing by non-financial enterprises. The Measures are hereby released upon the approval of the fifth executive meeting of presidents on March 14, 2008 and shall take effect as of April 15, 2008.

Director: Zhou Xiaochuan

Appendix: Administrative Measures for the Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market

Article 1 These Measures are formulated in accordance with the Law of the People's Republic of China on the People's Bank of China and the relevant laws and administrative regulations in order to further improve the administration of the inter-bank bond market and promote the development of direct debt financing by non-financial enterprises.

Article 2 The debt financing instruments of non-financial enterprises (hereinafter referred as the debt financing instruments) as stated in these Measures shall refer to the negotiable securities that are issued by the non-financial enterprises with legal person qualifications (hereinafter referred as the enterprises) in the inter-bank bond market and for which the principal and interest shall be repaid within the agreed time limit.
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