Multi-dimensional regulation of bond issuance: Central bank seeks public comments on the "Interbank Bond Market Bond Issuance Management Rules"

Zhito Finance APP has learned that on October 16, the People's Bank of China publicly solicited opinions on the "Interbank Bond Market Bond Issuance Management Rules." The Rules consist of 28 articles, strengthening the regulation of bond issuance behavior from the three dimensions of issuers, underwriters, and investors. In regulating issuers' issuance pricing behavior, they include prohibiting issuers from subscribing to, or subscribing in disguised form to, bonds issued by themselves, and stipulate that no person may directly or indirectly assist an issuer in subscribing to or subscribing in disguised form to bonds issued by itself; prohibiting issuers from interfering with investors' subscription decisions or disrupting pricing through rebates and other means; clarifying the pricing requirements for different bond issuance methods; and promoting issuers to optimize the mechanism and standards for selecting underwriting institutions and improve the quality of bond underwriting services.