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CIRCULAR OF THE PEOPLE'S BANK OF CHINA FOR THE BANK OF COMMUNICATIONS AND OTHER 5 COMMERCIAL BANKS TO UNDERTAKE THE LEADING UNDERWRITING OF SHORT-TERM FINANCING BONDS

Circular of the People's Bank of China for the Bank of Communications and Other 5 Commercial Banks to Undertake the Leading Underwriting of Short-term Financing Bonds

Yin Fa [2005] No. 174 July 7, 2005

The Bank of Communications, CITIC Industrial Bank, China Minsheng Bank, China Merchants Bank, Industrial Bank and Shanghai Pudong Development Bank,

We have received your application materials for undertaking the underwriting of short-term financing bonds. According to the related provisions of the Measures for the Administration on Short-term Financing Bonds (Decree [2005] No. 2 of the People's Bank of China) and the Procedures for the Underwriting of Short-term Financing Bonds (see the Announcement No. 10, 2005 of the People's Bank of China), a circular is hereby rendered as follows.

1.

It is approved that the Communications, CITIC Industrial Bank, China Minsheng Bank, China Merchants Bank, Industrial Bank and Shanghai Pudong Development Bank may undertake the leading underwriting of short-term financing bonds.

2.

You shall fulfill the obligations according to the Measures for the Administration on Short-term Financing Bonds and the Procedures for the Underwriting of Short-term Financing Bonds.

3.

You are requested to contact the National Inter-bank Funding Center and China Government Securities Depository Trust & Clearing Co. Ltd., and well make the related preparations.

  The People's Bank of China 2005-07-07  


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