Announcement of the People's Bank of China and the Ministry of Finance [2018] No.16 -- Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market
Announcement of the People's Bank of China and the Ministry of Finance [2018] No.16 -- Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market
Announcement of the People's Bank of China and the Ministry of Finance [2018] No.16 -- Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market
Announcement of the People's Bank of China and the Ministry of Finance [2018] No.16
September 8, 2018
In order to promote the opening up of the national interbank bond market, standardize the issuance of bonds by overseas institutions, and protect the legitimate rights and interests of investors on the bond market, the People's Bank of China and the Ministry of Finance have formulated the Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market, which are hereby promulgated for implementation as of the date of promulgation.
Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market
Chapter I General Provisions
Article 1 The Measures are formulated in accordance with the Law of the People's Republic of China on the People's Bank of China, the Accounting Law of the People's Republic of China and other laws and regulations in order to promote the opening up of the national interbank bond market, standardize the issuance of bonds by overseas institutions, and protect the legitimate rights and interests of investors on the bond market.
Article 2 For the purpose of the Measures, overseas institutions refer to foreign government institutions, international development institutions, and legal-person financial and non-financial institutions legally registered outside the People's Republic of China that issue bonds on the national interbank bond market.
Articles 3 For the purpose of the Measures, foreign government institutions include sovereign governments, local governments and institutions exercising government functions.
For the purpose of the Measures, international development institutions refer to bilateral, multilateral and regional international developmental financial institutions that carry out development loans and investment.
Chapter II Issuance Application
Article 4 The issuance of bonds by legal-person overseas financial institutions on the national interbank bond market shall be subject to the examination and approval of the People's Bank of China.
Foreign government institutions or international development institutions that issue the relevant bonds on the national interbank bond market, and overseas non-financial enterprise legal persons that issue debt financing instruments of non-financial enterprises on the national interbank bond market shall apply to the National Association of Financial Market Institutional Investors (the "NAFMII") for registration.
Article 5 Foreign government institutions and international development institutions shall possess experience in bond issuance and good solvency.
Article 6 To issue bonds, legal-person overseas financial institutions shall:
1.
......
Announcement of the People's Bank of China and the Ministry of Finance [2018] No.16
September 8, 2018
In order to promote the opening up of the national interbank bond market, standardize the issuance of bonds by overseas institutions, and protect the legitimate rights and interests of investors on the bond market, the People's Bank of China and the Ministry of Finance have formulated the Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market, which are hereby promulgated for implementation as of the date of promulgation.
Interim Administrative Measures for the Issuance of Bonds by Overseas Institutions on the National Interbank Bond Market
Chapter I General Provisions
Article 1 The Measures are formulated in accordance with the Law of the People's Republic of China on the People's Bank of China, the Accounting Law of the People's Republic of China and other laws and regulations in order to promote the opening up of the national interbank bond market, standardize the issuance of bonds by overseas institutions, and protect the legitimate rights and interests of investors on the bond market.
Article 2 For the purpose of the Measures, overseas institutions refer to foreign government institutions, international development institutions, and legal-person financial and non-financial institutions legally registered outside the People's Republic of China that issue bonds on the national interbank bond market.
Articles 3 For the purpose of the Measures, foreign government institutions include sovereign governments, local governments and institutions exercising government functions.
For the purpose of the Measures, international development institutions refer to bilateral, multilateral and regional international developmental financial institutions that carry out development loans and investment.
Chapter II Issuance Application
Article 4 The issuance of bonds by legal-person overseas financial institutions on the national interbank bond market shall be subject to the examination and approval of the People's Bank of China.
Foreign government institutions or international development institutions that issue the relevant bonds on the national interbank bond market, and overseas non-financial enterprise legal persons that issue debt financing instruments of non-financial enterprises on the national interbank bond market shall apply to the National Association of Financial Market Institutional Investors (the "NAFMII") for registration.
Article 5 Foreign government institutions and international development institutions shall possess experience in bond issuance and good solvency.
Article 6 To issue bonds, legal-person overseas financial institutions shall:
1.
......