Di Yi Cai Jing·2025-08-07 11:25Core Viewpoint - The China Interbank Market Dealers Association has issued a notice to strengthen self-regulatory management of underwriting quotes in the interbank bond market, emphasizing the need for internal management and cost calculation in underwriting practices [1] Group 1: Strengthening Internal Management - Main underwriters are required to establish and improve internal management systems for bond underwriting quotes, ensuring compliance with relevant regulations [1] - Underwriters must not participate in bond project bidding with quotes below the cost of underwriting fees [1] Group 2: Cost Calculation Requirements - Main underwriters should accurately and reasonably calculate underwriting costs, covering all inputs and necessary business expenses throughout the entire process [1] - Cost calculations must include but are not limited to labor costs, travel expenses, operational costs, system development costs, and other essential business expenditures [1] - The calculation scope should encompass all branches and business operations, based on actual expenditures from the previous year [1]