1、Without approval of the PBOC, no financial institution may issue any financial bond.

2、Generally speaking, capital market consists of currency market, stock market, Treasury market, financial bond market, enterprise bond market and other related markets.

3、Article 2 financial bonds in the Procedures include both RMB and foreign currency financial bonds issued in the inter-bank bond market.

4、Second, we could use the account funds for the loan, including pop loan and entrust loan and invest in the long-term business enterprise bond and financial bond etc.