From June 16 to 17, 2026, the Agricultural Development Bank of China (hereinafter referred to as ADBC) successfully issued six tranches of ADBC-SHCH Financial Bonds via quote-based issuance, with tenors of 1, 2, 3, 5, 7 and 10 years and a total issuance size of RMB 270 billion. All bonds were registered and deposited with SHCH and became tradable on the next business day.
Jointly with China Foreign Exchange Trade System (CFETS), SHCH supported ADBC to explore full-tenor quote-based issuance, optimized bond issuance mechanisms and streamlined issuance and trading workflows, which received positive market feedback. As the central securities depository (CSD) for bonds, SHCH realized full coverage of major tenors for ADBC-SHCH Financial Bonds through this issuance. This also marks another milestone of the policy&development financial bond in SHCH in enriching its product portfolio. The move will further refine bond yield curves spanning short, medium and long tenors as well as full-spectrum interest rate pricing benchmarks, while strengthening the risk management and price discovery functions of standardized ADBC bond forwards.
Going forward, under the leadership of the People’s Bank of China, SHCH will continuously upgrade the service quality and efficiency of financial infrastructure, further optimize the full-chain service system for policy&development financial bond in SHCH, and continuously enrich product offerings. SHCH will collaborate with all market participants to foster a complete ecosystem for policy&development financial bond in SHCH, jointly supporting the healthy and efficient development of the interbank bond market.
