进一步开放！沪深交易所宣布：支持境外机构投资者开展交易所债券回购业务

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges, in collaboration with China Securities Depository and Clearing Corporation Limited, have announced support for foreign institutional investors to engage in bond repurchase transactions in the exchange market, aiming to enhance the openness of the bond market to foreign entities [1]. Group 1: Announcement Details - The announcement is part of a broader initiative by the People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange to facilitate foreign institutional investors' participation in the Chinese bond market [1]. - Foreign institutional investors that meet the requirements outlined in the announcement and comply with the trading regulations of the exchange bond market are eligible to conduct bond repurchase transactions [1]. Group 2: Types of Repurchase Transactions - The bond repurchase business includes pledged repo agreements (referred to as "agreement repo"), tri-party repos, and reverse repos in the context of the Bond Connect program [4]. - Foreign institutional investors must follow specific procedures, including signing relevant agreements with their entrusted securities firms before participating in various types of bond repurchase transactions [4]. Group 3: Compliance and Monitoring - The exchanges and China Clearing will monitor the trading, registration, and settlement activities of foreign institutional investors and their entrusted trading participants to ensure compliance with relevant business rules [5]. - Any violations will be subject to self-regulatory measures, and serious cases will be reported to the China Securities Regulatory Commission for further action [5].