Despite the headwinds from geopolitical tensions and softer overseas demand, policymakers and trade watchers have confidence that China's foreign trade will grow steadily in the long run, as the country takes further steps to ensure the operation of the global supply chains and accelerate the industrial upgrading pace of its export-oriented companies.

Chinese online retailers are speeding up efforts to expand their presence in overseas markets amid a broader drive to diversify revenue sources and hedge against the negative effects of the COVID-19 pandemic, industry experts said.

As of the end of August, overseas institutions held 3.55 trillion yuan ($507.14 billion), or 2.5 percent, of the outstanding bonds in custody in China's bond market, according to the central bank.

National Association of Financial Market Institutional Investors (“NAFMII”) hereby promulgates the Detailed Rules for the Administration of Tiered Management of Debt Financing Instruments of Overseas Non-Financial Enterprises (the “Detailed Rules”) and the Form Requirements for Registration Documents for Debt Financing Instruments of Overseas Non-Financial Enterprises (the “Form”) with a view to fully implementing the policy of the CPC Central Committee and the State Council to expand the open-up of the financial sector in an active and orderly manner and further improving the quality and level of the open-up of the debt financing instruments market. To further regulate the registration and issuances of debt financing instruments by overseas non-financial enterprises, NAFMII hereby provides the notice on the relevant matters as follows:

Interim Measures for the Listing and Trading of Depository Receipts under the Stock Connect Scheme between Shenzhen Stock Exchange and Overseas Stock Exchanges.

Instructional Guide to Depository Receipts under the Stock Connect Scheme between Shenzhen Stock Exchange and Overseas Stock Exchanges No. 1: Cross-Border Conversion of Global Depository Receipts.

Brief Introduction The Shanghai-Hong Kong Stock Connect was officially launched in 2014. The stock connect established a two-way trading link between the Shanghai Stock Exchange (SSE) and the Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX). The stock connect allows qualified mainland China investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A shares (Northbound) subject to a certain amount of daily quota.

SINOSURE issues a demand guarantee to the overseas financing bank (or other creditor) in the form of overseas guarantee and takes the risk of payment by a certain overseas borrower. Generally the parent company of the overseas borrower that has the highest domestic credit rating should provide SINOSURE a full-value counter-guarantee or any other form of counter-guarantee acceptable to SINOSURE.

Protects investors and financial institutions from economic losses resulting from political risks such as expropriation, exchange restrictions, war, political riot and breach of contract in the country where investment is made. The maximum tenor is 20 years. 　　

To download the file →http://www.nafmii.org.cn/englishnew/selfregulations/selfregulatoryrulesandguid

To download the file→ Q&As on Pilot Program of Social Bonds and Sustainability Bonds To implement