The National Financial Regulatory Administration issued a notice requiring
commercial banks to conduct Pudong New Area FTZ offshore bond business on a
lawful, risk‑based and prudential basis, and to strictly comply with the
Shanghai Pudong New Area FTZ offshore bond development provisions and related
rules. Banks are instructed to focus issuance and underwriting on serving
overseas financing needs of China’s going‑out enterprises and high‑quality firms
in Belt and Road partner countries and regions, and to support reasonable
financing for the real economy.
