PBOC Shanghai Headquarters Pushes for Expansion of Free Trade Offshore Bond Market
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On September 24, the People's Bank of China (PBOC) Shanghai Headquarters held a promotion meeting for Free Trade Zone (FTZ) offshore bond business. The meeting urged financial institutions to raise their stance and strengthen coordination to push market construction to a new level. Five key tasks were outlined: First, continuously expand issuance scale to consolidate market development foundations. Second, broaden investment channels to stimulate market vitality, including utilizing FTU (Free Trade Unit) investment policies to attract global investors such as overseas professional institutions, sovereign wealth funds, and international organizations, and accelerating secondary market construction to enhance liquidity. Third, adhere to serving the real economy as the fundamental purpose to highlight business value. Fourth, deepen market cultivation and strengthen policy promotion, including ongoing global market presentations and summarizing typical cases for demonstration effects. Fifth, coordinate innovation with risk management to guard the bottom line of risks.
Source report
September 24 — On September 24, the Shanghai Headquarters of the People's Bank of China (PBoC) convened a promotion meeting for Free Trade Zone (FTZ) offshore bond business.
Financial institutions were urged to elevate their strategic positioning, strengthen coordination, and jointly drive the market toward a new stage of development. The meeting outlined five key priorities:
- Expand issuance scale to consolidate the foundation for market growth.
- Broaden investment channels to stimulate market vitality. This includes leveraging FTU (Free Trade Unit) investment policies to attract global investors such as overseas professional institutions, sovereign wealth funds, and international organizations, as well as accelerating secondary market development to enhance liquidity.
- Anchor business value in serving the real economy.
- Deepen market cultivation and strengthen policy communication. This involves conducting ongoing promotional outreach to global markets, summarizing and promoting exemplary cases, and leveraging demonstration effects.
- Balance innovation with risk management to uphold risk底线 (risk底线).
Source
domesticEastern