The deadline has arrived. Starting from July 1, currency brokers will cease bond quoting services for institutions that have not signed a paid service agreement.

The People's Bank of China previously announced the "Interbank Market Brokerage Business Management Measures", which will be implemented starting from January 1, 2026. It mentioned that for new mandates accepted after the implementation of these measures, brokerage agencies should sign a service agreement as required. For mandates generated before the implementation of these measures, brokerage agencies should supplement the service agreement with the principal before July 1, 2026, and meet the conditions stipulated in these measures.