Shanghai Stock Exchange Officially Launches Bond Market Disclosure Direct System
In order to further improve the quality and efficiency of information disclosure of corporate bonds and asset-backed securities, the Shanghai Stock Exchange has issued the "Guidelines on Application of Bond Self-Regulatory Rules of the Shanghai Stock Exchange No. 2 - Corporate Bond and Asset-Backed Securities Information Disclosure Pass-Through Business" (hereinafter referred to as the "Pass-Through Guidelines") and the "Shanghai Stock Exchange Bond Survival Business Guide No. 2 - Information Disclosure Through Train Business for Corporate Bonds and Asset-Backed Securities" (hereinafter referred to as "Through Train Guide"), which marks the official launch of the bond market information disclosure through train system by Shanghai Stock Exchange.
Information disclosure through-train refers to the information disclosure method in which market entities register and upload information disclosure documents through Shanghai Stock Exchange and disclose them directly on the official website of Shanghai Stock Exchange.
The implementation of bond market disclosure through train is a major change in the mode of information disclosure and self-regulation. This institutional arrangement mainly reflects the following features: firstly, improving business coverage and using concise and friendly; secondly, compacting the main responsibility and strengthening post-event supervision; thirdly, implementing classification supervision and preventing business risks; fourthly, optimizing business processes and realizing simplified disclosure.
In the next step, Shanghai Stock Exchange will continue to optimize services and strengthen supervision, and continue to promote the high-quality development of the bond market. It will continue to strengthen the supervision of information disclosure, continuously improve the quality of information disclosure in the bond market and effectively safeguard the legitimate rights and interests of investors.
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