B · Normal
[The Central Bank plans to stipulate that underwriting institutions shall not obtain customers through unfair competition methods such as low-price underwriting or disguised underwriting] On October 16, the People's Bank of China formulated the "Management Rules for Bond Issuance in the Inter-bank Bond Market" and is now soliciting public opinions. Article 8 stipulates that underwriting agencies, securities service agencies, etc. shall reasonably determine the service fees involved in bond issuance based on market-oriented principles, and shall not quote prices that are significantly lower than the industry's fair level, or obtain customers through unfair competition methods such as low-price underwriting or disguised underwriting.
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