PANews reported on May 22 that the People's Bank of China issued Order No. 4, deciding to amend certain clauses of the "Administrative Measures for the Issuance of Financial Bonds in the National Interbank Bond Market," the "Administrative Measures for Debt Financing Instruments of Non-Financial Enterprises in the Interbank Bond Market," and the "Administrative Measures for Bond Registration, Custody, and Settlement in the Interbank Bond Market," effective July 1, 2026. Key changes include: deleting certain clauses; uniformly changing the term "China Central Depository & Clearing Co., Ltd." to "Central Depository Institution for Bonds"; clarifying that China Central Depository & Clearing Co., Ltd. and Shanghai Clearing House Co., Ltd. are designated bond registration, custody, and settlement institutions; detailing their functions in bond registration, custody, settlement, information disclosure support, and pledge registration; and strengthening information sharing and transparent regulatory support requirements.