[The People's Bank of China Revises Three Regulations for the Interbank Bond Market, Effective July 1, 2026] The People's Bank of China issued Order No. 4, announcing that starting from July 1, 2026, certain provisions of the following regulations will be amended: *Administrative Measures for the Issuance of Financial Bonds in the National Interbank Bond Market*, *Administrative Measures for Debt Financing Instruments of Non-Financial Enterprises in the Interbank Bond Market*, and *Administrative Measures for Bond Registration, Custody, and Settlement in the Interbank Bond Market*. Key changes include: - Removal of certain provisions. - Standardizing references such as "Central Clearing Company" to "Central Bond Depository Institution." - Designating China Central Depository & Clearing Co., Ltd. and Shanghai Clearing House Co., Ltd. as specified institutions for bond registration, custody, and settlement. - Refining their roles in bond registration, custody, settlement, information disclosure support, and pledge registration. - Strengthening requirements for information sharing and support for transparent regulatory oversight.