China Securities Regulatory Commission, People’s Bank of China and State Administration of Foreign Exchange, Announcement on Further Supporting the Engagement in Bond Repurchasing on the PRC Bond Market by Foreign Institutional Investors

Applicability: For the purposes of this Announcement, the term “foreign¹ institutional investor” means a foreign institutional investor eligible to conduct cash bond trading on the PRC bond market; more specifically, these include: foreign central banks or monetary authorities, international financial organizations and sovereign wealth funds; and various financial institutions lawfully registered and established outside of the mainland of the People’s Republic of China, such as commercial banks, insurance companies, securities companies, fund management companies, futures companies, trust companies and other asset management institutions, as well as medium- to long-term institutional investors, such as pension funds, charitable foundations and endowment funds (Article 1).