Article 1 In order to standardize the management of savings bonds (electronic) and safeguard the legitimate rights and interests of investors and members of the savings bonds underwriting syndicate (hereinafter referred to as the underwriting syndicate), these Measures are formulated in accordance with relevant national laws and regulations.
article 2 the term "savings bonds" as mentioned in these measures refers to the non-negotiable RMB government bonds issued by the Ministry of finance within the territory of the people's Republic of China and sold to individuals through members of the underwriting syndicate, and the creditor's rights are recorded electronically.
article 3 the Ministry of finance, together with the people's bank of China, is responsible for formulating relevant policies on savings bonds (electronic).
article 4 the Ministry of finance entrusts China government bonds depository and clearing co., ltd. (hereinafter referred to as the government bonds depository company) to develop and maintain the savings bonds (electronic) business management information system for the Ministry of finance, which is used to manage the distribution of savings bonds (electronic) issuance quota, receive, check and record the savings bonds (electronic) data sold and held by the members of the underwriting syndicate; Formulate data transmission specifications and issue system parameters; Assist the Ministry of Finance to complete the capital settlement; Provide management information and investors' savings bonds (electronic) custody balance review and inquiry services. Article 5 savings bonds (electronic) is issued to individuals. Members of the underwriting syndicate shall not sell savings bonds (electronic) to any institution such as government agencies, enterprises, institutions and social organizations, but may hold savings bonds (electronic) redeemed by investors in advance in accordance with these Measures and other provisions.
article 6 savings bonds (electronic) issues and handles related businesses in 1 yuan denomination units.
article 7 savings bonds (electronic) shall bear interest from the date of issuance, and the interest payment methods are divided into one-time repayment of principal and interest and regular interest payment. The Ministry of Finance pays interest or principal to investors through members of the underwriting syndicate on the interest payment date or the repayment date.
article 8 savings bonds (electronic) shall bear interest according to the actual number of days, excluding compound interest (see annex 1 for specific interest rules). Savings bonds (electronic) interest-bearing rules issued before these Measures come into effect shall be implemented according to the original measures.
article 9 savings bonds (electronic) cannot be circulated and transferred, and can be redeemed in advance, pledged loan, non-transaction transfer, etc.
article 1 savings bonds (electronic) implements two-level custody, with the government bond registration company as the first-level custody institution and the members of the underwriting syndicate as the second-level custody institution. The national debt registration company and the members of the underwriting syndicate are responsible for the authenticity, accuracy, integrity and security of the first-level and second-level custody accounts respectively.
article 11 savings bonds (electronic) adopts two-level capital settlement, the Ministry of finance conducts first-level capital settlement with the members of the underwriting syndicate, and the members of the underwriting syndicate conduct second-level capital settlement with investors. Secondary capital settlement shall be conducted through RMB settlement account designated by investors. Article 12 the members of the underwriting syndicate shall handle the following savings bonds (electronic) businesses for investors through the counters of their respective business outlets and other approved channels:
(1) Open a second-level personal bond custody account (hereinafter referred to as personal bond account) for investors, and handle savings bonds (electronic) custody and personal bond account-related businesses.
(2) handling savings bonds (electronic) related capital settlement for investors.
(3) handle savings bonds (electronic) subscription, interest payment, principal repayment, early redemption, non-transaction transfer, pledge loan and other businesses for investors, and issue savings bonds (electronic) holding certificate (property certificate) for investors.
(4) to publicize savings bonds's (electronic) policies, and provide investors with information consultation on savings bonds's (electronic) issuance conditions and business operation procedures, and inquiry on the balance of national debt custody.
members of the underwriting syndicate shall develop savings bonds (electronic) business processing system (hereinafter referred to as business processing system) to support the above business.
article 13 when an investor purchases savings bonds (electronic) for the first time, he/she needs to hold a valid identity document to open a personal treasury bond account with the members of the underwriting syndicate, which is used to record the period, quantity and changes of savings bonds (electronic) held by the investor. An investor can only open one individual national debt account in the same underwriting syndicate.
if the investor has opened a personal treasury bond account with the members of the underwriting syndicate for book-entry treasury bond counter trading, the investor can directly use the account to handle savings bonds (electronic) business without repeating the account opening.
Article 14 The personal treasury bond account shall be real-name registration system according to the Provisions of real-name registration system on Personal Deposit Accounts (Order No.285 of the People's Republic of China and the State Council), and shall not be leased, lent or transferred.
Article 15 The national debt registration company and the members of the underwriting syndicate shall keep the information of the investor's personal national debt account and the savings bonds (electronic) custody in the account confidential according to law.
Article 16 An investor can cancel his personal national debt account with zero trust balance at the member of the underwriting syndicate where the account is located. The members of the underwriting syndicate have the right to cancel the personal national debt account that only handles savings bonds (electronic) business for five consecutive years.
article 17 investors may not handle savings bonds (electronic) transfer custody among members of the underwriting syndicate.
article 18 when an investor opens a personal treasury bond account, he/she shall designate a RMB personal bank settlement account as the capital settlement account of the personal treasury bond account in the same underwriting syndicate. Investors can change their accounts in capital settlement. The account holder of capital settlement account and individual national debt account must be the same person.
Article 19 During the issuance period, investors can subscribe for the current savings bonds (electronic) from the members of the underwriting syndicate where the personal treasury account is located, and the number of single-period savings bonds (electronic) subscribed by a single personal treasury account shall not exceed the maximum purchase limit of the personal treasury account.
Article 2 After investors have successfully subscribed for savings bonds (electronic), the members of the underwriting syndicate shall provide investors with the Subscription Confirmation Letter of People's Republic of China and savings bonds (electronic) (see Annex 2 for the standard document format).
article 21 investors can redeem some or all of their savings bonds (electronic) in advance at the members of the underwriting syndicate who originally purchased government bonds within the specified time after the issuance period. Investors can only pay interest according to the conditions of early redemption of the current national debt, and pay a handling fee to the members of the underwriting syndicate according to a certain proportion of the principal redeemed in advance. After the members of the underwriting syndicate confirm that the number of savings bonds (electronic) and relevant procedures are correct, they shall immediately pay the investors the funds.
article 22 the members of the underwriting syndicate shall pay the full amount of interest or principal to the investor's capital settlement account on the interest payment date or before the business starts on the repayment date.
article 23 if the secondary capital settlement cannot be completed normally due to the cancellation of personal capital settlement account or incorrect account information, the members of the underwriting syndicate shall set up a special account for the funds that cannot be paid, and then pay them after the investors have completed the relevant procedures.
Article 24 For savings bonds (electronic) deducted from other individuals due to court judgment, members of the underwriting syndicate shall handle non-transaction transfer according to relevant regulations and judgment results; Savings bonds (electronic) deducted to non-individuals due to court decisions shall be transferred after the funds are realized in accordance with relevant regulations and judgment results.
article 25 when an investor handles business such as account opening, subscription, early redemption, pledged loan, non-transaction transfer, etc., the members of the underwriting syndicate shall timely and accurately record the personal national debt account and the savings bonds (electronic) changes in the account, and keep complete instruction records.
if an investor handles the above-mentioned business through the counter of a business outlet, the members of the underwriting syndicate shall provide paper business documents to the investor after handling the above-mentioned business, and keep the written instructions of the investor for future reference.
article 26 the members of the underwriting syndicate shall at least provide investors with the inquiry service of savings bonds (electronic) changes and custody balance in the personal treasury account through the counters of business outlets and telephones. the savings bonds (electronic) custody balance in the personal treasury account recorded by the members of the underwriting syndicate and verified by the treasury registration company is the savings bonds (electronic) amount held by the investors. The national debt registration company shall establish a telephone voice inquiry system to provide investors with savings bonds (electronic) custody balance review inquiry service.
Article 27 Investors who have doubts about the balance of savings bonds (electronic) custody should first consult the members of the underwriting syndicate where the personal treasury account is located; Fails to solve, can be reflected to the local financial department and the local branch of the people's Bank of China; Still unresolved, it can be reported to the Ministry of Finance and the head office of the People's Bank of China.
article 28 members of the statutory holiday underwriting syndicate shall handle the business of redemption in advance and repayment of principal and interest. If the legal holidays are within the issuance period, the members of the underwriting syndicate should also open an account for personal treasury bonds and subscribe for savings bonds (electronic).
article 29 from the interest payment date of savings bonds (electronic) and several working days before the repayment date, the business related to the transfer of creditor's rights, such as early redemption of current treasury bonds and non-transaction transfer of ownership, and the pledge of treasury bonds will be stopped, and it will be resumed from the interest payment date.
Article 3 Members of the underwriting syndicate shall not charge fees for opening an account for personal treasury bonds or for savings bonds (electronic) custody services. Investors apply for opening the book-entry treasury bond counter trading function of individual treasury bond accounts, and members of the underwriting syndicate charge fees in accordance with relevant regulations.
members of the underwriting syndicate can collect fees for early redemption, non-transaction transfer, loss reporting and replacement of personal treasury account vouchers and issuance of property certificates, among which the rate of early redemption fees is uniformly stipulated by the Ministry of Finance and the People's Bank of China, and the other three charging standards are implemented by members of the underwriting syndicate according to relevant regulatory requirements. Fees for other savings bonds (electronic) businesses must be reported to the Ministry of Finance and the People's Bank of China for approval. Members of the underwriting syndicate shall not charge additional fees for the relevant capital settlement account for handling savings bonds (electronic) capital settlement. Article 31 savings bonds (electronic) shall be issued by consignment, and the number of savings bonds (electronic) issued in each issue shall not exceed the maximum amount of national debt issued in the current period. During the issuance period, members of the underwriting syndicate shall sell to investors within the issued quota, and shall not entrust other institutions to sell on their behalf. After the issuance period, the unsold issuance quota of the members of the underwriting syndicate shall be recovered and cancelled by the Ministry of Finance.
article 32 savings bonds (electronic) issuance quota is divided into basic consignment quota and motor consignment quota, which are allocated to the members of the underwriting syndicate respectively according to planned allocation and competitive grabbing. The specific methods are as follows:
(1) Before the issuance, the Ministry of Finance will use all or part of the current savings bonds (electronic) maximum issuance amount as the basic consignment amount and distribute it to the members of the underwriting syndicate in proportion. The undistributed issuance quota is used as the motor consignment quota for the members of the underwriting syndicate to grab during the issuance period.
(2) During the issuance period, the members of the underwriting syndicate can grab the motor consignment quota through system networking in accordance with relevant rules within the specified time. Crawling applications are processed according to the principle of time priority, and the processing results are fed back to the members of the underwriting syndicate. Members of the underwriting syndicate who violate the rules to grab the mobile consignment quota will be suspended or terminated to grab the current national debt issuance quota.
(3) At the end of each day of the issuance period, if the actual sales volume of the members of the underwriting syndicate on that day is greater than the unsold basic consignment quota at the beginning of the day, all the unsold issuance quotas shall be returned to the Ministry of Finance; If the actual sales volume of the members of the underwriting syndicate on that day is less than or equal to the unsold basic consignment amount at the beginning of the day, all the mobile consignment amount seized on that day shall be returned to the Ministry of Finance.
(4) During the issuance period, the Ministry of Finance, together with the People's Bank of China, has the right to reduce the unsold basic consignment quota of the members of the underwriting syndicate with slow sales progress, and the reduced distribution quota will be used as the motor consignment quota for competitive grabbing.
article 33 if the people's bank of China adjusts the benchmark deposit interest rate of financial institutions with the same term from the announcement date of savings bonds (electronic) issuance of the Ministry of finance to the day before the issuance start date, savings bonds (electronic) will cancel the issuance in the current period. During the issuance period, if the People's Bank of China adjusts the benchmark deposit interest rate of financial institutions with the same term, the current national debt will stop issuing from the date of interest adjustment, and the unsold issuance quota will be recovered and cancelled by the Ministry of Finance.
article 34 the members of the underwriting syndicate shall pay the issuance funds to the Ministry of finance in full and on time as required, and the Ministry of finance shall pay the handling fee to the members of the underwriting syndicate as agreed by both parties.
Article 35 The savings bonds (electronic) Tier 1 capital settlement methods redeemed by investors in advance can be divided into two types: regular liquidation and non-liquidation. Regular liquidation means that the savings bonds (electronic) redeemed by investors in advance is temporarily held by the members of the underwriting syndicate, and the Ministry of Finance liquidates the funds with the members of the underwriting syndicate on a specified date and cancels the corresponding creditor's rights. Non-liquidation means that the savings bonds (electronic) redeemed by investors in advance is held by the members of the underwriting syndicate and expires.
article 36 the Ministry of finance shall pay savings bonds (electronic) interest or principal to the members of the underwriting syndicate no later than the interest payment date or one working day before the repayment date.
article 37 the members of the underwriting syndicate shall transmit savings bonds (electronic) business data to savings bonds (electronic) business management information system according to relevant regulations after the daily business ends. The national debt registration company shall verify the business data transmitted by the members of the underwriting syndicate and feed back the verification results to the members of the underwriting syndicate the next day. Members of the underwriting syndicate shall complete all data checking and accounting adjustment on the day of receiving the feedback.
article 38 before the members of the underwriting syndicate handle savings bonds (electronic) business for the first time, they shall submit the following materials to the Ministry of Finance and the People's Bank of China for the record:
(1) the development plan of the business processing system of the unit.
(2) the internal test report of the business processing system and the networking test report issued by the government bond registration company.
(3) savings bonds (electronic) business documents and related charging standards.
(4) Other materials required by the Ministry of Finance and the People's Bank of China.
if the contents of the above materials are changed, the members of the underwriting syndicate shall file with the Ministry of Finance and the People's Bank of China in time.
Article 39 An institution that no longer has the membership of the underwriting syndicate shall continue to handle all businesses except savings bonds (electronic) subscription for the unexpired savings bonds (electronic) entrusted by it, and do a good job in the custody of relevant national debt and capital settlement. Article 4 The Ministry of Finance shall, jointly with the People's Bank of China, supervise and inspect the savings bonds (electronic) related businesses of underwriting syndicate members and government bond registration companies, and financial departments at all levels and local branches of the People's Bank of China shall supervise and inspect the savings bonds (electronic) business handled by local branches of underwriting syndicate members.
article 41 authorized by the Ministry of finance in conjunction with the people's bank of China, the government bond registration company may check the secondary custody accounts of the members of the underwriting syndicate, and the members of the underwriting syndicate shall cooperate.
article 42 if the members of the underwriting syndicate violate the relevant laws, regulations, rules and the provisions of these measures in the process of handling savings bonds (electronic) business, or fail to implement the national debt underwriting agreement signed with the Ministry of finance, if the circumstances are serious, the Ministry of finance will notify them together with the people's bank of China, and suspend or terminate their implementation agreement in accordance with the provisions of the national debt underwriting agreement.
before making the final decision, the Ministry of Finance has the right to request the members of the underwriting syndicate to suspend the savings bonds (electronic) subscription business.
article 43 if a government bond registration company violates relevant laws, regulations, rules and the provisions of these measures in handling savings bonds (electronic) related business, if the circumstances are serious, the Ministry of finance will notify it in conjunction with the people's bank of China, and suggest that the competent department give disciplinary action to the main person in charge and the person directly responsible. Article 44 The meanings of the following terms in these Measures are:
(1) Issue period: refers to the time when the members of the underwriting syndicate sell the current national debt to investors as specified by the Ministry of Finance and the People's Bank of China for the savings bonds (electronic) in a specific period.