Central bank solicits opinions: canceling the provision of freezing the collateral for bond repurchase.
It was learned from the Wise Wealth APP that in order to accelerate the development of the multi-level bond market and unify the rules and systems for financial market registration, custodianship, and clearing settlement, the People's Bank of China has publicly solicited opinions on the "Decision of the People's Bank of China on Amending Some Rules". The "Decision" mainly includes the following contents: First, it clarifies that the Shanghai Clearing House has the legal status of a bond registration, custodianship, and settlement institution. Second, in order to facilitate the open market trading of government bonds and other monetary policy operations and promote the high-level opening up of the bond market, the provision on freezing the pledged collateral for bond repurchase has been cancelled. Third, based on current practices, the relevant regulations on the management of financial bond information disclosure have been modified.
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