沪深交易所，最新发布

Core Viewpoint - The article discusses the recent announcement by the Shanghai and Shenzhen Stock Exchanges, in collaboration with China Securities Depository and Clearing Corporation Limited, to support foreign institutional investors in conducting bond repurchase transactions in the exchange market [1][3]. Group 1: Policy Implementation - The announcement is a further implementation of the policies previously issued by the People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange to support foreign institutions in bond repurchase activities [2][3]. - Foreign institutional investors that meet the requirements outlined in the announcement can engage in bond repurchase transactions in the exchange market [3]. Group 2: Bond Repurchase Business - The bond repurchase business includes both pledge-style agreement repurchase and pledge-style tri-party repurchase, as well as reverse repurchase transactions in the Bond Connect program [3]. - Foreign institutional investors must follow specific procedures, including signing relevant agreements and conducting investor suitability filings before participating in these repurchase transactions [4]. Group 3: Market Attraction - The opening of bond repurchase business is expected to enhance the attractiveness of the Chinese bond market, as the number and scale of foreign institutional investors in this market have been increasing [5]. - Bond repurchase is recognized globally as a widely used liquidity management tool, and its introduction will provide foreign investors with more flexible funding channels, improving capital efficiency and reducing liquidity risks [5][6]. - As of the end of September, the custody balance of foreign institutions in the Chinese bond market reached 3.8 trillion yuan, accounting for 2.0% of the total custody balance, indicating a growing interest in Chinese bonds [6].