1990 and 1992 The Ministry of Finance entrusts the Ministry of Posts and Telecommunications to handle the repayment of principal and interest of treasury bonds and value-added bonds. With the continuous improvement of the socialist market economic system and the rapid development of the economy, the task of issuing and repaying national debt is getting heavier and heavier. Make full use of postal advantages and broaden the channels for issuing and repaying national debt, which is beneficial to the country and the people and convenient for the masses.
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Trading means
Participants in the inter-bank bond market reach deals with their selected counterparties one by one through inquiry, which is different from the trading mode of China Shanghai and Shenzhen Stock Exchanges. Like stock trading, the bond trading conducted by the exchange is conducted by many investors competing with each other and through consultation with actuarial institutions.
The Measures for the Administration of Bond Trading in the National Inter-bank Bond Market stipulates that the bonds repurchased in the national inter-bank bond market are book-entry bonds such as government bonds, central bank bonds and financial bonds that can be traded in the national inter-bank bond market with the approval of the People's Bank of China.
intermediary organ
China Government Securities Depository and Clearing Co., Ltd. provides bond custody, settlement and information services for market participants; The National Interbank Funding Center provides intermediary and information services for market participants' quotations and transactions. Authorized by the People's Bank of China, the Interbank Funding Center and the China Government Securities Depository and Clearing Corporation can disclose relevant market information.
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