Efforts will be made to improve the pilot program on credit asset securitization, accelerate the launch of asset securitization business on a pilot basis, and promote China Development Bank and China Construction Bank, as the pilot institutions, to make detailed plan on the securitization of credit assets and mortgage loans respectively so as to enable them to formally issue asset backed securities at an early date.
3. Promoting the issuance of RMB bonds by international financial institutions in domestic market. The issuance and trading of RMB bonds by international financial institutions will be regulated according to the promulgated Administrative Rules on the Issuance of RMB Bonds by International Financial Institutions. 4. Vigorously developing short-term corporate financing bills.