Announcement on extending the spot bond trading hours of the interbank bond market to 20 o'clock since September 21

On September 15, the China Central Depository & Clearing, the Shanghai Clearing House and the National Interbank Funding Center announced that in order to further promote the open development of the interbank bond market and facilitate the transaction of interbank bonds by domestic and foreign investors, the spot bond trading hours of the interbank bond will be extended to 20:00 since September 21.

Announcement on extending the trading hours for spot bond trading in the inter-bank bond market

To Members of the Interbank Bond Market:

In order to further promote the open development of the interbank bond market and facilitate domestic and foreign investors to trade interbank bonds, the interbank spot bond trading hours will be extended to 20:00 since September 21, 2020. The announcement regarding transaction settlement matters is as follows:

1. Trading hours arrangement

The trading hours for spot bond trading with a settlement cycle of T+1 and above are extended to 20:00, and the trading hours for spot bond trading with a settlement cycle of T+0 remain unchanged. To extend the trading hours, market members can log in to the National Interbank Funding Center (hereinafter referred to as the “Trading Center”) local currency trading platform and trading interface to conduct quotation transactions. The transaction data of spot bond transactions reached through the extended trading hours will be real-time through the CSTP to market members and their custodian banks.

2. Settlement time schedule

Spot bond trading transactions concluded during the extended period will enter the settlement process on the next working day, and the daily settlement service period of the interbank bond market registration, depository and settlement institution will remain unchanged.

Members of the interbank bond market are requested to do business and technical preparations to ensure the smooth development of settlement of spot bond transactions during the extended trading hours.