Industrial Bank Co.,Ltd. has successfully executed its first foreign currency repo transaction using bonds held by Shanghai Clearing House as collateral. The pledged asset was the "Fujian-Taiwan Integration Themed Bond," further expanding the application scenarios for bonds under Shanghai Clearing House custody.
The foreign currency repo service offered by Shanghai Clearing House is a cross-currency financing product that enables market participants to secure foreign currency funding using domestic bonds as collateral. The "Fujian-Taiwan Integration Themed Bond" is a specialized financial instrument designed to promote economic cooperation across the strait and support regional integration between Fujian and Taiwan. By utilizing this bond as collateral for foreign currency repo transactions, the initiative provides more efficient and flexible financing support for cross-strait integration projects, effectively advancing the internationalization of RMB-denominated bonds.
In recent years, Industrial Bank Co.,Ltd. has actively contributed to China’s high-level opening-up policy and cross-strait integration, leveraging its expertise in bond services to explore innovations in cross-border finance and fixed-income markets.
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