The reporter of the economic information daily learned on the evening of December 28 that in order to implement the reform requirements of the State Council on "release, management and service", improve the macro Prudential Management Framework and optimize the bond issuance system of domestic financial institutions abroad, The people's Bank of China and the national development and Reform Commission jointly abolished the Interim Measures for the administration of domestic financial institutions issuing RMB bonds in the Hong Kong Special Administrative Region (hereinafter referred to as the Interim Measures). After the abolition of the interim measures, the administrative framework for domestic financial institutions issuing bonds abroad will be further unified and standardized, and the convenience and flexibility of issuing bonds abroad will also be improved. It is reported that in 2007, in order to orderly develop RMB business in Hong Kong, with the approval of the State Council, the people's Bank of China and the national development and Reform Commission jointly issued the interim measures to regulate the issuance of RMB bonds by domestic financial institutions in Hong Kong. According to the interim measures, the people's Bank of China and the national development and Reform Commission shall examine and verify the qualification and issuance scale of domestic financial institutions to issue RMB bonds in Hong Kong, and report to the State Council. However, with the accelerated construction of a new high-level open economic system, China's full caliber foreign debt management has been continuously improved, and the macro Prudential Management Framework for cross-border financing has been gradually established and improved. The interim measures can no longer fully meet the current development needs. "In this context, in order to deepen the reform of 'deregulation service', further unify and standardize the management framework for domestic financial institutions to issue bonds abroad, and improve the convenience and flexibility of issuing bonds abroad, the people's Bank of China and the national development and Reform Commission jointly repealed the interim measures with the consent of the State Council." Heads of relevant departments of the people's Bank of China and the national development and Reform Commission said. The above person in charge also said that after the abolition of the interim measures, the issuance of local and foreign currency bonds by domestic financial institutions in Hong Kong and other countries (regions) outside Hong Kong will not be affected, and the procedures will be simpler and optimized. Within the approved amount, they can independently choose the specific issuance region and issuance window. According to the data, by the first half of 2021, domestic financial institutions had issued 147.8 billion yuan of RMB bonds in Hong Kong, which played an important role in enriching investment products in the overseas RMB market, broadening the use channels of overseas RMB funds and enhancing the influence of RMB. Next, the people's Bank of China, the national development and Reform Commission and other relevant departments will continue to manage the overseas issuance of bonds by domestic financial institutions in a stable and orderly manner, help financial institutions make good use of both domestic and foreign markets and resources, serve and build a new development pattern dominated by the domestic cycle and mutually promoted by the domestic and international cycles. (outlook new era)