Recently, the Bank of Shanghai, acting as a joint global coordinator, successfully assisted Fosun High Technology (Group) Co., Ltd. (referred to as "Fosun High Tech") in issuing the global first "Yulan Bond" for private enterprises, totaling 1 billion RMB, which has been officially listed on the Macau Stock Exchange. This move is a concrete practice of the Bank of Shanghai responding actively to the national strategies supporting the development of private enterprises. By coordinating with the Shanghai Clearing House, it provides crucial support for private companies to expand offshore financing channels and connect with international financial markets. As an innovative product that opens new pathways for cross-border financing, the "Yulan Bond" utilizes the cross-border connectivity between the Shanghai Clearing House and international financial infrastructures such as European Clearing Bank, effectively building a financing bridge for Chinese enterprises to "go global." During this issuance, the Bank of Shanghai leveraged its advantages in the coordination between its head office and branches, both domestically and internationally, providing comprehensive services from scheme design to actual issuance for Fosun High Tech, and successfully securing 200 million RMB, becoming a key player in facilitating the launch of this innovative bond. This achievement not only marks an important step for the Bank of Shanghai in deepening its diversified cooperation with private enterprises and empowering their sustainable development, but it also collaborates with the Shanghai Clearing House, European Clearing Bank, and domestic and foreign investors to inject practical momentum into the construction of the Shanghai International Financial Center and the promotion of renminbi internationalization. For a long time, the Bank of Shanghai has consistently implemented the decisions of the Party Central Committee, with a focus on serving the real economy, providing strong financial support for private enterprises to "scale, strengthen, and enhance." As a core trader in the interbank market and an A-class clearing member of the Shanghai Clearing House, the Bank of Shanghai continues to engage deeply in the cross-border innovation of China's bond market, continually enhancing its comprehensive financial service capabilities in alignment with international markets, and accumulating rich experience for cross-border financial innovation. In the future, the Bank of Shanghai will continue to focus on innovation and development in the financial market, deepening the practice of cross-border financial services through efficient collaboration within the group. On one hand, it will provide more precise financial services to help the private economy become a "vital engine" for high-quality development; on the other hand, it will continue to work hand-in-hand with financial infrastructure institutions such as the Shanghai Clearing House to further strengthen Shanghai's role as a global financial resource allocation hub, contributing greater efforts to the construction of the Shanghai International Financial Center and the promotion of renminbi internationalization.
Comments