On March 18, the People's Bank of China, jointly with the China Banking Regulatory Committee, released the Opinions on Improving the Credit Structure to Boost Economic Growth (PBC Document [2009] No. 92), calling on the PBC system and all financial institutions to implement the CPC Central Committee and the State Council's Ten Opinions on expanding domestic demand and promoting economic growth and the "Opinion on Promoting Economic Growth by the Financial Sector ([2008] No. 126), to earnestly implement the moderately loose monetary policy so as to promote sound and relatively rapid economic growth.

On March 23, the People's Bank of China and Bank of Indonesia announced the establishment of a currency swap arrangement. The agreement has a term of three years and provides 100 billion yuan/175 trillion IDR.

On March 25, the People's Bank of China released the Administrative Procedures for the Issuance of Financial Bonds on the Inter-bank Bond Market (PBC Announcement No. 6 [2009]), further standardizing and improving the management of financial bonds issuance, improving the transparency of the approval of financial bonds issuance, and enhancing market discipline and risk-sharing mechanisms.

On March 26, the People's Bank of China released the Administrative Measures on the Registration, Trust Management, and Settlement of Bonds on the Inter-bank Bond Market (PBC Decree No.1 [2009]) to standardize bond registration, trust management, and settlement.

(People's Bank of China June 4, 2009)