Meanwhile, the PBC will also coordinate the development of product innovation and the market growth within the market capacity, foster the market infrastructure construction, and advance the development of the inter-bank bond market and the whole financial market. First, focusing on financial product innovation and further expanding direct financing channels.
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.