SZSE Launches the Pilot Project of Cross-border Bond Listing Business via the Greater Bay Area Bond Platform
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(here in after 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 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 (here in after 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.
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