The National Interbank Funding Center convened a meeting on optimizing the
direct-issue mechanism for financial bonds in Shanghai's Bund. Attendees
included department heads from Shanghai Clearing House, major financial-bond
issuers and investors, and People’s Bank of China departments. Participants
broadly endorsed the direct-issue mechanism, saying it has materially improved
issuance transparency and narrowed primary‑secondary spreads, and submitted
proposals for further refinement.
