Laws of the People's Republic of China

Circular of the Ministry of Finance and People's Bank of China concerning Confirming the Qualifications of the Members of the Certificate Government Bond Underwriting Syndicates

Cai Ku [2006] No. 83 September 23, 2006

The departments (bureaus) of public finance each province, autonomous region, municipality directly under the Central Government, as well as city specifically designated in the state plan, Shanghai Headquarters, each branch and business department of the People's Bank of China, central sub-branch of the People's Bank of China in provincial capital cities, central sub-branch of the People's Bank of China in deputy provincial cities, each commercial bank, China Postal Savings and Remittance Bureau,

In order to regulate the issuance of government bonds and promote the sound development of the government bond market, the task of establishing certificate government bond underwriting syndicates has been accomplished according to the Measures for the Examination and Approval of the Qualifications of the Members of Government Bond Underwriting Syndicates (Decree No. 39 of the Ministry of Finance, People's Bank of China and China Securities Regulatory Commission) and the Circular of the Ministry of Finance, People's Bank of China and China Securities Regulatory Commission on the Establishment of Certificate Government Bond Underwriting Syndicates (Cai Ku [2006] No. 60).

By August 11, 49 institutions have submitted application materials in total, all of which satisfied the basic application conditions and were accepted. The establishment of a certificate government bond underwriting syndicate shall abide by the principle of openness, fairness and impartiality and take in some new members from the new applicant institutions on the basis of overall stability of the original members. The number of members may not be more than 40. On the basis of consulting the opinions of the China Banking Regulatory Commission, the Ministry of Finance, in collaboration with the Peoples' Bank of China decided an establishment plan as follows:

1.

The qualifications of the 37 institutional members, which still satisfy the qualifications for the members of certificate government bond underwriting syndicates in 2004 shall be kept.

2.

The rural credit cooperatives will not be taken into any of the certificate government bond underwriting syndicates, by the virtue of the fact that they are being restructured towards rural commercial banks and their internal management needs to be further improved.

3.

New applicant institutions, which have no less than 100 business departments (in accordance with the figure checked by the Ministry of Finance) and of which the net assets have reached no less than 1 billion Yuan by the end of 2005, shall be included. Under this requirement, 3 applicant institutions are taken into this underwriting syndicate.

Subject to the aforesaid principles, the Name List of the Members of Certificate Government Bond Underwriting Syndicates (attached) has been decided. It is hereby released.

Appendix: Name List of Members of Certificate Government Bond Underwriting Syndicates

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Appendix:

Name List of Members of Certificate Government Bond Underwriting Syndicate

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