The range of bonds that individual qualified investors can invest in.

Hello, QFII can subscribe for and trade all bonds listed and traded in this Exchange, but the following bonds are only subscribed and traded by institutional investors in QFII:

(1) Corporate bonds and corporate bonds with bond credit rating below AAA (excluding AAA) (excluding publicly issued convertible corporate bonds);

(2) Non-publicly issued corporate bonds and corporate bonds;

(3) asset-backed securities.

(4) Other bonds that are only subscribed and traded by institutional investors among the qualified investors recognized by this Exchange.