On 3 July 2026, Shanghai Clearing House (SHCH) held the Symposium on Offshore Bond Issuance Business. Ma Jianyang, Chairman of SHCH, attended and delivered a welcome speech. Delegates from Financial Market Department of The People’s Bank of China (PBOC)，Capital Account Management Department of State Administration of Foreign Exchange, and several PBOC branches, as well as representatives of underwriters in the offshore bond market, including banks and securities firms attended. Huang Ning, Deputy General Manager of SHCH, took on the role as host.
Chairman Ma Jianyang pointed out that, as financial market infrastructure, SHCH has injected momentum into the construction of overseas RMB asset pool and Shanghai international financial centre through innovations in offshore bond business, such as Yulan issuance model and Free Trade Zone offshore bonds. The event today intenteds to consolidate consensus and gather collective efforts, laying a solid foundation for the normalized development of the offshore bond business.
At the symposium, SHCH systematically overviewed the business, innovative values and latest achievements of Yulan issuance model and Free Trade Zone offshore bonds. PBOC Shanghai Head Office and PBOC Shandong Provincial Branch, shared experiences in establishing collaborative mechanisms with SHCH and fostering relevant offshore bond markets respectively. Representatives of market institutions, based on their own business, shared practices regarding offshore bond underwriting and cross-border investment and financing services. They offered suggestions on optimising business mechanisms, upgrading infrastructure services and innovating market products, putting forward practical and feasible recommendations for business development.
Moving forward, SHCH will adhere to the principles of openness, cooperation and mutual benefit, further deepen coordination and collaboration with regulatory authorities and market institutions both domestically and internationally, steadily enhance its service capabilities as financial market infrastructure, and optimise and strengthen offshore bond business including Yulan issuance model and Free Trade Zone offshore bonds. In doing so, SHCH will provide robust infrastructure support to enrich the supply of offshore RMB bond products and services, and to build a sufficient and efficient overseas RMB asset pool, thereby precisely empowering the RMB internationalisation and the high-level opening-up of financial market.
