To satisfy the needs of the inter-bank bond market and provide instruments for market participants to conduct liability management and prevent risks, we will further conduct in-depth research and launch as soon as possible financial products which are based on corporate credit standings such as the financial bonds and asset backed securities, and gradually develop financial derivatives according to market conditions. 1.
Actively promoting the issuance of financial bonds by financial institutions. While improving the management of subordinated bonds issued by commercial banks, steps will be taken to encourage financial institutions to issue financial bonds in the inter-bank bond market, provide instruments for commercial banks to enhance their liability management and ease the mismatch of their asset and liability term structure. 2.