People's Bank of China Supports Overseas Entities to Issue Panda Bonds

The People's Bank of China is accelerating the construction of financial market systems and opening up to the outside world, enhancing the bond market's functions and its ability to serve the real economy. It is establishing a technology board for the bond market to support private technology enterprises and equity investment institutions in issuing bonds for financing. The bank is promoting the improvement of the legal system for the bond market, developing a multi-layered bond market, and cautiously advancing over-the-counter bond business. It is standardizing behaviors such as issuance pricing, underwriting, and market making, and strengthening risk monitoring in key areas and industries. The bank supports qualified overseas entities in issuing panda bonds, optimizing the cross-border RMB policy system, and improving the understandability and operability of policies.

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