In order to implement the decisions and arrangements of the Fourth Plenary Session of the 20th CPC Central Committee, thoroughly implement the State Council's new “9 Rules” and the spirit of the China Securities Regulatory Commission's “Opinions on Building the Beijing Stock Exchange with High Quality”, and further enhance the Beijing Stock Exchange bond market's ability to serve the national strategy and real economy, under the overall guidance of the China Securities Regulatory Commission, the Beijing Stock Exchange drafted the “Beijing Stock Exchange Non-public Corporate Bond Listing Rules” to solicit comments from the public on December 31, 2025.

In order to implement the decisions and arrangements of the Fourth Plenary Session of the 20th CPC Central Committee, thoroughly implement the State Council's new “9 Rules” and the spirit of the China Securities Regulatory Commission's “Opinions on Building the Beijing Stock Exchange with High Quality”, and further enhance the Beijing Stock Exchange bond market's ability to serve the national strategy and real economy, under the overall guidance of the China Securities Regulatory Commission, the Beijing Stock Exchange drafted the “Beijing Stock Exchange Non-public Corporate Bond Listing Rules” to solicit comments from the public on December 31, 2025.