.jpg)
Under the unified leadership of CSRC, SZSE recently issued the Guidelines on the Pilot Project of Cross-border Bond Listing Business via the Greater Bay Area Bond Platform (hereinafter referred to as the Guidelines), initiating the pilot project of cross-border bond product listing services via the Greater Bay Area Bond Platform. The issuance of the Guidelines is a specific measure of SZSE to implement relevant requirements specified in the Opinions of the CPC Central Committee and the State Council on Supporting Shenzhen Building the Pilot Demonstration Area of Socialism with Chinese Characteristics and the Outline of the Development Plan of the Guangdong-Hong Kong-Macao Greater Bay Area, support the high-level opening up of the bond market, and better serve the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
It’s said in the Guidelines that the Greater Bay Area Bond Platform is positioned to provide information disclosure and relevant services for cross-border bonds. The scope of the pilot project includes offshore RMB bond products issued in Hong Kong, China to professional institutional investors (hereinafter referred to as cross-border bonds), and the issuers shall be Chinese government issuers and quality corporate issuers. During the pilot project period, issuers of listed bonds will make continuous information disclosure via the platform, and the platform will provide users including issuers with relevant service support such as online roadshow and online negotiation.
Next, SZSE will advance the pilot project steadily in line with the principle of “pursuing progress while ensuring stability in an orderly way and step by step”. We will promptly evaluate the effect of the pilot project, and gradually explore and improve the services and functions of the Greater Bay Area Bond Platform based on the needs of participants of the cross-border bond market, to play a greater role in serving the development of the Greater Bay Area.
