In order to promote the high-quality development of the panda bond market and promote the high-level opening of the bond market, in accordance with the Administrative Rules on Debt Financing Instruments of Non-Financial Enterprises in the Interbank Bond Market (PBOC Decree [2008] No. 1), the Interim Measures for Administration of the Bond Issuance by Overseas Institutions in the National Inter-bank Bond Market (PBOC and MOF Notice [2018] No.16) and the relevant laws and regulations as well as NAFMII’s self-regulatory rules, authorized by the ninth meeting of the fourth council, NAFMII has revised certain statements in the Guidelines on Debt Financing Instruments of Overseas Non-Financial Enterprises (2020), which is now released and implemented. 

Annex:

Guidelines on Debt Financing Instruments of Overseas Non-Financial Enterprises (2023) 

National Association of Financial Market Institutional Investors

October 19, 2023

Chinese Version： https://www.nafmii.org.cn/zlgl/zlgz/zcfxl_1059/zcl/202310/t20231020_315968.html

(The English version is used for reference only. Should there be any conflicts between the English version and the original text in Chinese, the Chinese version shall prevail.)