1. Financial institutions: including commercial banks, securities companies, fund companies, insurance companies and other financial institutions. They are usually the main participants in the bond market, participating in the market through proprietary trading, financial investment and underwriting.

2. Enterprises: including state-owned enterprises and private enterprises. They are usually the issuers of bonds, and they also participate in bond investment by issuing bonds for financing.

3. Individual investors: including institutional investors and retail investors, participate in the market by buying bonds and obtain fixed income.

Commercial banks with legal person status in China and their authorized branches; Non-bank financial institutions and non-financial institutions with legal personality in China; Branches of foreign banks approved by the People's Bank of China to engage in RMB business.

Financial institutions can directly conduct bond trading and settlement, or entrust settlement agents to conduct bond trading and settlement; Non-financial institutions shall entrust settlement agents to conduct bond trading and settlement. A settlement agent refers to a financial institution approved by the People's Bank of China to handle bond trading and settlement business on behalf of other participants.

major function

Its main functions are: to provide inter-bank foreign exchange trading, RMB interbank lending, bond trading system and organize market transactions; Provide information services in foreign exchange market, bond market and money market. Established on June 6, 1997.