According to PANews on August 11, an official announcement from the Shanghai Clearing House revealed that the Interbank Market Clearing Co., Ltd will no longer require foreign central banks and similar institutions to submit the 'Declaration and Commitment of Signing the Indirect Settlement Member Agreement', aiming to optimize China’s bond market.
PANews reported on August 11 that, following an official announcement from the Shanghai Clearing House, the Interbank Market Clearing Co., Ltd will no longer mandate foreign central banks, monetary authorities, international financial organizations, and sovereign wealth funds to provide the 'Declaration and Commitment of Signing the Indirect Settlement Member Agreement' for account opening, in a bid to further optimize China’s bond market investment environment.