The work meeting on optimizing the direct issuance mechanism for financial bonds was successfully held.

The National Interbank Lending Center recently held a working meeting on optimizing the direct issuance mechanism for financial bonds at the Bund. Relevant department heads from the Shanghai Clearing House and major financial bond issuing and investing institutions attended, along with representatives from related divisions of the People's Bank of China. The participating institutions all highly recognized the direct issuance mechanism for financial bonds, believing that it significantly enhances the transparency of financial bond issuance, effectively narrows the price gap between the primary and secondary markets, and offered suggestions for further optimizing and improving the direct issuance mechanism.