A pilot programme will expand the panda bond issuer base, introduce a frequent issuer programme, and reduce repetitive disclosures.
Financial institutions are asked to support private enterprises by helping them to issue bonds and increasing their investments in such bonds.
Alibaba is planning to upgrade its secondary listing status in Hong Kong to a primary listing, so that it can qualify for inclusion in Stock Connect and benefit from mainland investment.
Banks are asked to provide financial support to businesses in the culture and tourism sectors that have been severely impacted by the pandemic.
New rules specify that proceeds raised from affordable housing REITs may not be used to finance commercial housing and commercial real estate development projects.
Under Chinese law, all companies are required to have a CCP unit, but this has so far not been widely enforced at foreign financial firms.
The PBOC and SAFE have expanded a pilot programme that allows multinational companies to pool domestic and foreign currency funds.
Many securities firms are still using manual processes to transmit data used by fund custodians, managers and fund service institutions for valuation and accounting purposes.
A property developer bailout fund is being set up. Banks are told to raise capital and help finance the completion of property projects.
Banks are further restricting retail access to precious metals markets due to increased volatility and to protect investors.
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