SHCH supports pilot institutions in introducing overseas investors through counter bond channel. This initiative has built successful models for China-UK and China-Singapore bond market connect, creating a new channel in promoting the China's bond market opening-up.
1.China-UK Counter Bond Service
SHCH supported China Construction Bank in becoming the first bank to launch the Cross-border Counter Bond Service in the UK.
SHCH, acting as a CSD, partnered with China Construction Bank to establish custody arrangements aligned with international standards, allowing overseas investors to trading in China's interbank bond market during their local trading hours without changing their existing trading practices.
Building upon the traditional model where investors execute trades directly with counter banks, SHCH and China Construction Bank have jointly introduced an innovative multi-dealer request for quote (RFQ) trading model, better catering to the needs of overseas investors.
At the end of 2025, the custody balance of China-UK Counter Bond at SHCH reached RMB 29 billion.
2.China-Singapore Counter Bond Service
SHCH supported Bank of China Singapore Branch and DBS Bank to launch Cross-border Counter Bond Service in Singapore.
At the end of 2025, the custody balance of China-Singapore Counter Bond at SHCH reached RMB 150 million.
Access for Overseas Institutions: Overseas institutions may open accounts on a one-stop basis through China Construction Bank London Branch, Bank of China Singapore Branch and DBS Bank, and invest in China's interbank bond market via SHCH’s omnibus account structure.
