The People’s Bank of China: Accelerate the construction of a multi-level bond market system

The People’s Bank of China: Accelerate the construction of a multi-level bond market system, continue to expand the pilot program of financial bond balance management and macro-prudential management, support commercial banks to replenish capital through multiple channels, and improve a sustainable capital replenishment mechanism. Promote the development of over-the-counter bond business, provide small and medium-sized financial institutions with diversified channels for bond investment transactions, custody settlement, etc., improve the liquidity of the bond market, and form a more continuous and effective secondary market price.