Trader Association: Will continue to focus on the standardization of the use of debt financing instruments raised funds, and increase efforts to investigate and punish violations.

From December 19th to 27th, 2024, the Bank of China Interbank Market Traders Association held the fourth special training session on fundraising compliance management in Beijing. The training course focused on fundraising compliance management, covering general compliance requirements such as fundraising use, idle fund management, purpose changes, and information disclosure, and emphasized the arrangements for fundraising supervision mechanisms and key points for fund supervision agencies. Next, the Traders Association will continue to pay attention to the issue of the normative use of fundraising for debt financing instruments, increase efforts to investigate violations, enforce market discipline, and effectively promote the high-quality development of the interbank bond market. The original text states: Traders Association holds special training on compliance management of fundraising for debt financing instruments In order to further regulate the use of fundraising for debt financing instruments by non-financial enterprises, urge market members to fully understand the responsibilities of fund supervision and related work requirements, from December 19th to 27th in 2024, the Traders Association held the fourth special training session on fundraising compliance management in Beijing. This training covered 87 lead underwriters and 29 bank-type underwriters, with more than 170 people attending the training on-site. The person in charge of the Traders Association's Supervision and Dispute Resolution Center (Dispute Mediation Center) introduced in the opening speech that in recent inspections, the association found that some issuers have mixed and misappropriated fundraising for debt financing instruments, and the fund supervision banks have not fulfilled their duties, with prominent formal performance issues, and presented some common characteristics. The person in charge emphasized that through this training, intermediary organizations should have a clearer understanding of their work responsibilities to avoid "ignorance mistakes"; regarding the information reported in the training, all institutions should promptly benchmark, strengthen internal checks and rectification, and ensure that the use of bond fundraising is in compliance with laws. This training course focused on fundraising compliance management, covering general compliance requirements such as fundraising use, idle fund management, purpose changes, information disclosure, and emphasized the arrangements for fundraising supervision mechanisms and key points for fund supervision agencies. During the training, the Traders Association also highlighted typical violations that have been recently handled to serve as a warning. In the communication and exchange session, the Traders Association provided thorough answers to common concerns among market members regarding the next steps in fundraising management, common operational issues, and more. Next, the Traders Association will continue to pay attention to the normative issues of the use of fundraising for debt financing instruments, increase efforts to investigate violations, enforce market discipline, and effectively promote the high-quality development of the interbank bond market. This article is excerpted from the official website of the "Bank Of China Interbank Market Traders Association", edited by Chen Xiaoyi.