To overseas institutional investors and settlement agents,

In order to implement the People’s Bank of China’s (hereinafter referred to as “PBC”) directives on providing high-quality services to overseas institutional investors, improve account services of the interbank bond market infrastructures, and support the launch of the One-Stop Account Opening Platform for Overseas Institutions in the China Interbank Bond Market by the PBC Shanghai Head Office, China Foreign Exchange Trade System, China Central Depository & Clearing Co., Ltd., and Shanghai Clearing House jointly issue the following notice:

1. Effective from September 15, 2025, the service address for overseas institutional investors to open accounts with the interbank bond market infrastructures shall be uniformly adjusted to: https://ibrs.chinamoney.com.cn/IBRSW/.Other services such as account alteration and closure will continue to be handled through the original infrastructure systems for the time being. These services will also be integrated into the above website with separate notices in the future.

2. Depending on the type of overseas institutions and settlement agents, investors shall complete the corresponding Application Form for Overseas Institutional Investors (see Appendix 1-3) to apply for account opening. All forms can be completed in English.

3. A three-month transitional period is set for the updated account opening forms. During this period, both the new and previous versions of the application forms will be accepted as valid attachments.

Appendix : 1.Business Application Form of Overseas Sovereign Institutional Investors (Entrusting the PBC as the Agent)

          2.Business Application Form of Overseas Sovereign Institutional Investors (Entrusting Commercial Bank as Agents)

          3.Business Application Form of Overseas Commercial Institutional Investors

China Foreign Exchange Trade System

China Central Depository & Clearing Co., Ltd.

Shanghai Clearing House

September 15, 2025