The Shenzhen Stock Exchange (SZSE) intends to launch a defined benefit transaction platform tailored for institutional investors to improve liquidity of bonds and development of securities market.
Principals from the SZSE said that SZSE has grouped experts this year to fully advance development of bonds business and all bonds-related business have been transferred to the group for handling.
One of current priorities for this group is to launch a transaction platform for institutional investors in collaboration with other divisions. The platform is currently undertaking technological adjustment.
Experts said that bonds market is an institution-oriented market, and the call auction adopted by the existing bonds transaction system is beneficial to individual investors but not to institutional investors. Principals expressed that the new platform will be adjusted according to new requirements from changes of the investor structures.