BEIJING, March 1 (Xinhua) -- China started to implement a registration system for the public issuance of corporate bonds from Sunday, according to a circular issued by the China Securities Regulatory Commission (CSRC).
The stock exchanges shall process and examine the public listings of corporate bonds, and report them to the commission for registration procedures in accordance with the revised Securities Law, the circular said.
China's revised Securities Law, adopted by the top legislature in late 2019, took effect on Sunday, outlining regulation details in securities issuance and trading, the takeover of listed companies, information disclosure and investor protection, among others.
Both the Shanghai Stock Exchange and the Shenzhen Stock Exchange were asked to clarify the verification standards and procedures, listing requirements, means of trading and other related matters.
Meanwhile, the CSRC will intensify the supervision on corporate bond issuers, strengthen the responsibilities of intermediary agencies, and protect the legitimate rights and interests of investors, said the circular.
A single purchase
