NAFMII Issues Guidelines on Debt Financing Instruments of Overseas Non-Financial Enterprises (2020)
To implement the policies of the Party Central Committee and the State Council for expanding the opening up of the financial sector and promote higher level of opening-up of China’s bond market, the National Association of Financial Market Institutional Investors (NAFMII) has organized its members to refine and amend the relevant rules on issuances of debt financing instruments by overseas non-financial enterprises and formulated the Guidelines on Debt Financing Instruments of Overseas Non-Financial Enterprises (2020) (the “Guidelines”) in accordance with the Administrative Rules on Debt Financing Instruments of Non-Financial Enterprises in the Interbank Bond Market (PBOC Decree [2008] No. 1), the Interim Measures for Administration of the Bond Issuance by Overseas Institutions in the National Inter-bank Bond Market (PBOC and MOF Notice [2018] No.16) and the relevant laws and regulations as well as NAFMII’s self-regulatory rules. Adopted by the Eighteenth Conference of the Fifth Governing Council of NAFMII, and approved by the People’s Bank of China, the Guidelines is hereby released and takes effect as of the date of such release.
Click here to download:Annex - Guidelines on Debt Financing Instruments of Overseas Non-Financial Enterprises (2020).pdf
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