根据中国人民银行统一部署，中国人民银行上海总部会同中国外汇交易中心、中央结算公司和上海清算所，建立了银行间债券市场境外机构一站式开户平台，平台已于2025年9月15日上线试运行。

建立一站式开户平台是贯彻落实中央金融工作会议精神，稳步扩大金融领域制度型开放和提升跨境投融资便利化的重要举措。

一站式开户平台为境外机构投资银行间债券市场提供便利。一是支持“一站式”办理入市申请。通过一站式开户平台，结算代理人可代理境外机构向中国人民银行上海总部提交备案申请，完成备案后向中国外汇交易中心、中央结算公司和上海清算所提交账户开立申请，并实时查询业务办理进度和办理结果。二是统一境外机构开户申请材料。统一申请材料的格式标准和内容要求，并增加英文对照，便于境外机构查看。境外机构只需填写一套申请表格，即可申请开立交易和托管账户。三是便利结算代理人动态维护境外机构信息。境外机构完成入市后，结算代理人可通过一站式开户平台持续动态维护境外机构的基础信息。

在建设一站式开户平台过程中，中国人民银行上海总部充分征求了基础设施和市场机构意见，并邀请工商银行、中国银行、汇丰银行（中国）有限公司和花旗银行（中国）有限公司等4家结算代理人参与联测。平台上线试运行首日，汇丰银行（中国）有限公司已作为结算代理人代理一家境外机构完成银行间债券市场交易和托管账户开立。

下一步，中国人民银行上海总部将积极听取市场机构意见，持续完善银行间债券市场境外机构一站式开户平台建设，进一步便利境外机构投资我国债券市场。

Trial Operation of One-Stop Account Opening Platform for Overseas Institutions in China Interbank Bond Market

In line with the overall arrangements made by the People’s Bank of China (PBOC), the PBOC Shanghai Head Office, in collaboration with the China Foreign Exchange Trade System (CFETS), China Central Depository & Clearing Co., Ltd. (CCDC), and Shanghai Clearing House (SHCH), has established the One-Stop Account Opening Platform for Overseas Institutions in the China Interbank Bond Market (hereinafter referred to as the “One-Stop Platform”), which was launched into trial operation on September 15, 2025.

The establishment of the One-Stop Platform is an important step taken to implement the spirit of the Central Financial Work Conference, to steadily expand the institutional opening-up of China’s financial sector, and to further facilitate cross-border investment and financing.

The One-Stop Platform provides convenience for overseas institutions to invest in the China interbank bond market. First, it makes possible “one-stop” application for market entry. Through the One-Stop Platform, a settlement agent, on behalf of an overseas institution, can file with the PBOC Shanghai Head Office for registration; on completion of the registration, submit account opening applications to the CFETS, CCDC, and SHCH; and check the application status and outcomes in real time. Second, the account opening application materials have been standardized for overseas institutions. Not only are unified requirements put in place for the format and content, they are also presented in both Chinese and English for the convenience of overseas institutions. Furthermore, by completing a set of application forms once only, overseas institutions can apply for the opening of both trading accounts and custody accounts. Third, the One-Stop Platform makes it more convenient for settlement agents to update the information about overseas institutions as necessary. After an overseas institution has been granted access to the market, the settlement agent can update its basic information constantly and dynamically through the One-Stop Platform.

In the development of the One-Stop Platform, the PBOC Shanghai Head Office widely solicited feedbacks from market infrastructures and market institutions. Four of the settlement agents, i.e., the Industrial and Commercial Bank of China, Bank of China, HSBC China, and Citibank China were invited to participate in the joint testing. On the first day the platform was put into trial operation, HSBC China, as settlement agent, completed the opening of trading and custody accounts in the China interbank bond market on behalf of an overseas institution.

Going forward, the PBOC Shanghai Head Office will listen receptively to the advice of market institutions, continue to improve the One-Stop Platform, and further facilitate investments of overseas institutions in China’s bond market.