BEIJING, May 7 (Xinhua) -- China's Shenzhen Stock Exchange (SZSE) announced to invite public opinions on its draft bond transaction rules and three sets of guiding rules related to bond trading on April 30, reported Xinhua-run Xinhua Finance.
The south China-based bourse said the move was to forge ahead with establishment of a bond market system with complete infrastructure, high market operating efficiency, good pricing and effective regulating, supervision and risks control.
The rules for public comments include SZSE's draft bond transaction rules and three bond transaction related business guiding rules respectively on bond trading participant management, bond pledged repurchasing transactions and bond market making.
The spokesperson of SZSE said that the draft bond transaction rules will serve as the fundamental rules for bond transactions on SZSE and the basis for SZSE to formulate other concrete detailed business rules.
The three business guiding rules complement the draft bond transaction rules by further improving their pertinence, applicability and operability.
As the SZSE spokesperson noted, the draft bond transaction rules attach importance to contents to optimize the present cash bond transaction mechanism on SZSE by bond transaction way diversification, settlement flexibility improvement, transaction reporting factors standardization, pricing method adjustment, transaction prices management adjustment and risks control and practice supervision enhancement.
SZSE will end the public opinions collection on May 21 and work on further improvement of the draft bond transaction rules in accordance with market feedbacks. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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