On March 31, 2026, the upgraded bond tender issuance system, technically supported by the Shanghai Clearing House (SHCH), officially launched. During its first week of operation, the system ran steadily and successfully facilitated three policy banks to issue a total of 20 billion yuan of Policy Financial Bonds issued at SHCH via tender offering, which drew strong market subscription.

 

The launch of the upgraded system marks SHCH’s latest effort to support the People's Bank of China in fulfilling its duties and elevate the service capacity of fianancial market infrastructure. Concentrated on optimizing user experience and operational convenience, this upgrade features a more user-friendly interface and streamlined business workflows. It aims to build a high-standard, integrated and one-stop service platform for bond issuers, underwriters and other market participants engaged in tender issuance.

 

Going forward, under the leadership of the People's Bank of China, SHCH will continue to develop independent, controllable, secure and efficient fianancial market infrastructure. It will actively solicit opinions and suggestions from market players, further optimize system functions and deepen service capabilities, so as to contribute more to safeguarding the sound and stable operation of the bond market.