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Central Bank simplifies the investment process for overseas institutions by canceling the commitment letter requirement.
[Chain News] PANews, August 11 - According to an announcement from the Central Government Bonds Registration and Settlement Co., Ltd., in order to implement the relevant requirements of the People's Bank of China and further simplify the investment process for foreign Central Bank-type institutions entering the market, the Central Government Bonds Registration and Settlement Co., Ltd. has decided that, effective immediately, it will no longer require foreign Central Bank-type institutions to provide a commitment letter for protocol signing.