深交所发布关于支持境外机构投资者开展上海证券交易所债券回购业务有关事项的通知

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) and China Securities Depository and Clearing Corporation Limited (CSDC) have jointly issued a notice to support foreign institutional investors in participating in bond repurchase activities on the SZSE, aiming to enhance the internationalization of the bond market [1] Group 1: Business Scope - The notice specifies that eligible foreign institutional investors can engage in various bond repurchase activities, including pledged repo agreements and tri-party repos, as well as act as lenders in the Bond Connect pledged repo business [1] - The SZSE and CSDC have the flexibility to adjust the scope of these activities based on market development needs [1] Group 2: Business Regulations - Foreign institutional investors must comply with relevant laws, regulations, and business rules when conducting these activities [2] - Different participation channels have specific requirements, such as direct participation needing to follow the "Implementation Rules for Bond Trading and Registration Settlement by Foreign Institutional Investors" [2] - Investors must appoint a domestic securities company with SZSE membership to act as a trading participant and sign necessary agreements before engaging in repurchase activities [2] Group 3: Risk Management - The notice outlines clear responsibilities for trading and settlement participants to manage risks associated with foreign institutional investors' trading behaviors [2] - Trading participants are required to monitor transactions and report any violations to the SZSE, while settlement participants must adhere to CSDC's business rules and manage settlement risks effectively [2] Group 4: Regulatory Oversight - The SZSE and CSDC will conduct regular monitoring of the trading, registration, and settlement activities of foreign institutional investors and their appointed agencies [3] - Any violations will be subject to self-regulatory measures or disciplinary actions, with severe cases reported to the China Securities Regulatory Commission for further investigation [3]