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OFFICIAL REPLY OF THE PEOPLE'S BANK OF CHINA CONCERNING THE ISSUANCE OF FINANCIAL BONDS BY SHANGHAI PUDONG DEVELOPMENT BANK

Official Reply of the People's Bank of China concerning the Issuance of Financial Bonds by Shanghai Pudong Development Bank

Yin Fu [2005] No. 55

Shanghai Pudong Development Bank,

We have received your Request for Instructions concerning the Issuance of Financial Bonds by Shanghai Pudong Development Bank in the National Inter-bank Bond Market (Pu Yin Fa No. 197 [2005] ). In accordance with such relevant provisions as the provisions of the Measures for the Administration of the Issuance of Financial Bonds in the National Inter-bank Bond Market (Zhong Guo Ren Min Yin Hang Ling [2005] No. 1), we hereby reply as follows:

1.

Your Bank is allowed to issue 12 billion Yuan of financial bonds in the national inter-bank bond market.

2.

Your Bank shall do a good job in the bond issuance and the disclosure of relevant information in accordance with the provisions in the Measures for the Administration of the Issuance of Financial Bonds in the Nation-wide Inter-bank Bond Market.

3.

Your bank shall, after the issuance of financial bonds is completed, submit the relevant bond issuance work to the People's Bank of China within 10 workdays.

The People's Bank of China

July 29, 2005

  The People's Bank of China 2005-07-29  


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