BEIJING, Aug. 27 (Xinhua Silk Road) -- China Central Depository & Clearing Co., Ltd. (CCDC) announced on Tuesday that it would adjust down charges for part of its main services from September 1, reported Xinhua-run China Securities Journal.
CCDC, which functions as a central securities depository and a securities settlement system in China's bond market, decided to fully exempt its issuance registration service fees for panda bonds from September 1, 2026 to December 31, 2028.
Panda bonds refer to renminbi-denominated debt securities issued by overseas entities on China's onshore market and are one of the vital financing channels for international institutions.
Interest payment and redemption service charges on panda bonds and sci-tech innovation bonds are also to be fully exempted from next month, according to a CCDC announcement revealing also a five percent discount for interest payment and redemption service fee rate of outstanding bonds on the interbank bond market.
For other types of bonds uncovered by the existing preferential policies and cash bond trading on the interbank market, a 10 percent discount will be offered for their settlement service fees from September 1.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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