BEIJING, Feb. 6 (Xinhua) -- China's bourses on Monday launched the bond market-making businesses of 12 securities firms.
File photo: CFP
The Shanghai Stock Exchange said that in January 2022, it issued new bond trading rules that included guidelines for bond market-making businesses.
The bourse has recently conducted market-making technical acceptance processes and tests for the securities firms that intend to participate in bond market-making.
Similarly, the Shenzhen Stock Exchange has issued detailed guidelines to pave the way for the bond market-making businesses.
The China Securities Regulatory Commission has stated that the launch of bond market-making businesses will help cut liquidity premiums and bond issuance costs, sharpen the functions of the bond market, and support the real economy further.
The businesses are also conducive to improving pricing efficiency and forming a bond yield curve that more accurately reflects market supply and demand, to provide a reference for market pricing, the commission added.
