SGX Lists Domestic Bonds of China Development Bank

The Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term announced today that it has listed onshore bonds of China Development Bank, one of the leading state-backed financial institutions in Mainland China. This is the first time RMB bonds of a Chinese financial company has been listed on SGX.

According to the official press release shared with Finance Magnates, a total of 6 onshore (fixed rate) financial bonds of China Development Bank (CDB) across different tenors of 1, 3, 5, 7, 10 and 20 years are being listed on the exchange.

Founded in 1994, CDB has positioned itself as the biggest Chinese bank specialising in medium- to long-term lending and bond issuance. According to the latest data, the bank has issued bonds worth approximately RMB 20 trillion since its establishment.

Commenting on the recent listing, Loh Boon Chye, Chief Executive Officer of SGX, said: “We are delighted to welcome CDB’s onshore RMB bond on the SGX platform. Today’s listing marks another milestone in three decades of strong bilateral ties between Singapore and China, and we are excited at the tremendous opportunities to grow this partnership, bridging financial markets in China and Singapore, and jointly serving issuers and investors globally.”

Chinese Financial Markets

In recent years, China has made significant progress to increase the international exposure of its financial markets. The onshore bond listing marks another step towards internationalisation through innovative financial products. “This is a symbolic representation of CDB’s Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term curve in the global bond market and underpins the continued momentum in the development and internationalisation of China’s financial markets,” the official press release states.

“This year marks the 30th anniversary of strong bilateral ties between China and Singapore. The listing of China Development Bank’s bonds on SGX further broadens our channels for promoting CDB bonds overseas and supports our engagement with Singapore and global investors. It also strengthens the connectivity between the financial markets in China and Singapore,” a representative of the Treasury department of China Development Bank said in a statement.

Finance Magnates earlier reported about the cancellation of a $3 billion digital bond listing by China Construction Bank.