China News Service, March 25th. According to the website of the China Banking Market Trade Association, the General Office of the State Council recently issued the “solidly promoting high -level opening to the outside world to attract and use foreign -funded action plan” (hereinafter referred to as the “Action Plan”),It proposes 24 measures in 5 aspects, which clearly states that it is necessary to expand the scope of foreign financial institutions to participate in the domestic bond market business and support eligible foreign financial institutions to participate in domestic bond underwriting in accordance with regulations.
In recent years, the China Banking Market Traders Association (hereinafter referred to as the “Dealers Association”) has been unswervingly implemented the strategic deployment of the Party Central Committee and the State Council to promote high -level opening up, continuously optimize and improve market -oriented evaluation, and continue to introduce eligible conditionsForeign and financial institutions have carried out non -financial corporate debt financing instruments underwriting business.At present, a total of 13 foreign financial institutions have expanded the scope of bond underwriting business through market -oriented evaluations, and exerted their characteristics and advantages to promote marketization, rule of law, and internationalization of banks.
Establish and improve the market evaluation mechanism of foreign financial institutions
Since its establishment, the dealers’ association has carefully fulfilled the duties of market self -discipline organizations, and promoted the sustainable and stable development of the inter -bank market with market -oriented concepts and mechanisms. Under the guidance of the People’s Bank of China, the classified and layered management mechanism of innovative underwriting institutions was opened to open up for foreign financial institutions for foreign financial institutionsPromoting the market -oriented evaluation path of debt financing instruments and main inheritors.In 2023, in order to implement the series of policy spirit of the Party Central Committee and the State Council on expanding the high level of opening up the financial industry, the dealer association has studied and launched a series of specific measures for the reform mechanism reform mechanism.Promote high -quality construction of foreign underwriting agencies.
Promote foreign financial institutions to participate in the underwriting business of the interbank bond market
On December 4, 2023, the dealers’ association launched a market evaluation work to apply for a non -financial corporate debt financing instrument to underwhn.In order to respond to the eager expectations of the market in a timely manner, the internal forces and market experts were promoted efficiently, and the market evaluation results were released on January 18, 2024.Two of the 27 financial institutions that have passed the market evaluation are foreign financial institutions, of which 3 foreign banks have become non -financial corporate debt financing instruments. The general underwriter; 3 foreign banks have become special underwriters for foreign non -financial corporate debt financing instruments.; Four foreign banks have become underwriters of non -financial corporate debt financing instruments.
At present, the dealer association has introduced a total of 13 foreign underwriting agencies, covering the United States, France, Germany, Britain, Japan, New and other countries as well as Hong Kong and Taiwan.Among them, there are generally 5 non -financial corporate debt financing instruments, 3 special underwriters of non -financial corporate debt financing instruments, and 5 non -financial corporate debt financing instruments underwriters.
From a practical point of view, strengthening the construction of foreign underwriting institutions, played a positive role in promoting the high level of opening up the inter -bank market: First, foreign financial institutions expand their business scope, enhance comprehensive service capabilities, and provide diversified financial services for the real economy; Second, through the global network of foreign financial institutions, more overseas issuers and investors are introduced to help build a new development pattern of mutual promotion of domestic and international dual cycles; the third is to use foreign financial institutions to introduce international advanced experience and promote the inter -bank market system system systemInnovate the internationalization level of the interbank market system.
