China Foreign Exchange Trade System (CFETS) issued rules on interbank bond market pilot market maker on June 9th 2014 to regulate the market, detailed as below:

1. With the approval from the People's Bank of China, CFETS issues the rules, which shall be effective from the date of issuing.
2. CFETS authorizes pilot market makers with rights to do bilateral quote and request-response, pilot market makers should carry out actively as per the rules.
3. CFETS will monitor and regulate the transactions based on the rules, and publishes the results regularly.
4. Up to June 9th, 2014, the number of the interbank bond market pilot market-makers reached 41, CFETS will publish the updates timely.
5. To promote the business, pilot market makers should submit the information on its category and personnel within 10 working days from the date of issuing.
6. Members who meet the requirements and are willing to register as a pilot market maker can apply to CFETS.