沪深交易所：支持境外机构投资者 开展债券回购业务

Core Viewpoint - The announcement by the Shanghai and Shenzhen Stock Exchanges, in collaboration with China Securities Depository and Clearing Corporation, supports foreign institutional investors in conducting bond repurchase transactions in the exchange market [1] Group 1: Regulatory Framework - The People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange previously issued a notice to further support foreign institutional investors in engaging in bond repurchase transactions in the Chinese bond market [1] - Foreign institutional investors that meet the requirements of the notice and the trading regulations of the exchange bond market can conduct bond repurchase transactions [1] Group 2: Types of Repurchase Transactions - The bond repurchase transactions referred to include pledged repo agreements, tri-party repos, and reverse repos in the context of the Bond Connect program [1] Group 3: Compliance and Risk Management - Foreign institutional investors must sign a repurchase transaction master agreement and other relevant documents before participating in various types of bond repurchase transactions [2] - Settlement participants providing services for foreign institutional investors must adhere to relevant business rules and manage settlement risks effectively [2] - The exchanges and China Clearing will monitor the activities of foreign institutional investors and their agents in bond repurchase transactions and take self-regulatory measures against violations [2]