On May 14, 2026, Shanghai Clearing House (SHCH) supported Bank of Communications Hong Kong Branch in successfully issuing the world’s first Shanghai Free Trade Zone Offshore Bond (hereinafter referred to as FTZ Offshore Bond) with participation of Financial Institution Free trade Accounting Unit (FTU) investors.
Issued by Bank of Communications Hong Kong Branch, the bond has an offering size of RMB 600 million and a coupon rate of 1.65%. It drew enthusiastic subscriptions from overseas institutional investors in Singapore, Macao, Hong Kong and other regions, as well as FTU investors, marking a major breakthrough for FTZ Offshore Bonds in broadening investor base and enriching business connotation.
Going forward, focusing on supporting the People’s Bank of China in fulfilling its duties and advancing Shanghai’s development as an international financial center, SHCH will balance opening up and security, further improve cross border connectivity layout and enhance professional service capabilities. It will adopt multiple measures to build a domestic master custodied offshore RMB bond market with greater depth and vitality, so as to elevate the status of Shanghai as an international financial center.
