Self-regulatory Rules and Guidelines

  • Sep.28, 2026

      Q1: Which derivatives transactions are excluded from the reporting of transaction details and position information under the Notice on Matters Concerning Over-the-Counter (OTC) Derivatives Trade Reporting (hereinafter referred to as the Notice)?
      A: First, futures transactions. Second, OTC derivatives transactions executed electronically in China’s interbank market through financial mar...

  • Apr.08, 2024


      NAFMII Announcement 〔2024〕 No.9
      In order to promote the opening-up of the financial market of China and facilitate the development of Swap Connect, in accordance with the Interim Administrative Measures for the Mutual Access between the Chinese Mainland and Hong Kong Special Administrative Region of the People’s Republic of China Interest Rate Swap Markets (《内地与香港利率互换市场...

  • Jan.12, 2024

    To implement the policies of the Party Central Committee and the State Council for expanding opening-up of the financial sector to the outside world, regulating bond issuances by foreign governmental agencies and international development institutions, and promoting higher level of open-up of China’s bond market, the National Association of Financial Market Institutional Investors(NAFMII)has o...

  • Oct.24, 2023

    In order to promote the high-quality development of the panda bond market and promote the high-level opening of the bond market, in accordance with the Administrative Rules on Debt Financing Instruments of Non-Financial Enterprises in the Interbank Bond Market (PBOC Decree [2008] No. 1), the Interim Measures for Administration of the Bond Issuance by Overseas Institutions in the National Inter-...

  • Dec.28, 2020


      Market participants,
      The National Association of Financial Market Institutional Investors (“NAFMII”) hereby promulgates the Guidelines on Debt Financing Instruments of Overseas Non-Financial Enterprises (2020) (the “2020 Guidelines”) with a view to fully implementing the policy of the CPC Central Committee and the State Council to expand the open-up of the financial sector in an ac...