China Foreign Exchange Trade System & National Interbank Funding Center: Matters Concerning the Optimization of the Registration and Issuance Mechanism for Basic-Tier Enterprises in Debt Financing Instruments

People’s Financial News, March 23 — The China Interbank Market Dealers Association has issued a notice regarding the optimization of the registration and issuance mechanism for foundational-level enterprises in debt financing tools. The original Category IV enterprises are merged into Category III enterprises for registration and issuance management, collectively referred to as foundational-level enterprises. For original Category IV enterprises that issue debt financing tools after completing registration for 12 months, prior filing with the Dealers Association is not required. Foundational-level enterprises can prepare a unified registration document for issuing ultra-short-term commercial papers, short-term commercial papers, medium-term notes, and perpetual notes, with a set quota for unified registration. They can also prepare corresponding registration documents for issuing various types of debt financing tools (including special or thematic products), registering by product type. Both unified registration and registration by product can be resubmitted within three months before the registration validity period expires.