Shanghai Clearing House: Further Simplify the Account Opening Materials for Relevant Overseas Institutions

According to the announcement of the Shanghai Clearing House, in order to further optimize the investment environment of the bond market and promote the high level opening of China's bond market, the Inter bank Market Clearing House Co., Ltd. will no longer require the overseas central banks or monetary authorities, international financial organizations, and sovereign wealth funds that need to open accounts in the Shanghai Clearing House to provide the Declaration and Commitment for Signing the Indirect Settlement Member Agreement.