On March 25-April 1, 2014, Cao Zijuan, Deputy Secretary-General of NAFMII, led a delegation to South Korea and the United States. During the tour, the delegation visited Korea Financial Investment Association (KOFIA), Woori Investment Securities Co., Ltd. (Woori), Citibank, University of California-Irvine Campus (UCI, UC Irvine) and US Securities Industry and Financial Markets Association (SIFMA), conducting deep exchanges on such topics as bond market opening, market education and the latest trends in global financial market.

During the visit, the delegation learned from relevant institutions of South Korea and the United States about the current development status and future trends of Koean and US financial markets, OTC bond first and secondary market mechanism design and the latest trends in regulatory reform in these two countries, and in particular, two parties had deep exchanges and discussions on topics such as market education, extraterritorial jurisdiction, bond markets’ opening.

The delegation held talks with Korea Financial Investment Association (KOFIA)

The delegation held talks with Securities Industry and Financial Markets Association (SIFMA)

Deputy Secretary-General Cao Zijuan introduced to the relevant institutions of South Korea and the United States about the development of China's bond market as well as the work NAFMII has done in promoting the development of interbank market, international exchanges and market education, and also discussed ways to further enhance exchanges and cooperation with relevant institutions of South Korea and the United States. Both KOFIA and SIFMA expressed appreciation for the efforts NAFMII has made as a self-regulatory organization in promoting China’s financial market development, expressed wishes to further deepen bilateral cooperation with NAFMII in such areas as market information share and market education.

The visit provides important experience and references for NAFMII as a self-regulatory organization to further promote the development of China’s bond market. The delegation deepened mutual understanding with all participating institutions and universities and thus laid a solid foundation for its future international cooperation and exchanges.