Webinar Synopsis - Demystifying RMB Bond Repos: The 2013 NAFMII Repo Master Agreement

In January 2024, the People’s Bank of China published consultation draft rules for expanding RMB bond repos in the China Interbank Bond Market (CIBM) to all foreign investors who are CIBM direct and Bond Connect investors.

To assist interested foreign investors to make preparation for the future expansion, Linklaters Zhao Sheng organised a webinar on 27 June 2024 to discuss the 2013 NAFMII Bond Repurchase Master Agreement currently used by market participants to document RMB bond repos. This webinar synopsis sets out a summary of the key points discussed at the webinar.

When the final rules for the expansion of RMB bond repos to CIBM direct and Bond Connect investors are announced in due course, Linklaters Zhao Sheng will organise another webinar to discuss the new rules and the precise documentation to document the transactions. We will also publish a separate webinar synopsis around that time.