DBS China receives bond settlement agent license for China’s Interbank Bond Market
DBS Bank China has announced that it has received a Bond Settlement Agent licence from the People's Bank of China, allowing it to act as a bond settlement agent in the China Interbank Bond Market.
As of January 2020, DBS is the first and only Singapore bank to be granted such a licence.
Neil Ge, CEO, DBS China, said “DBS is very pleased to be the first Singapore bank to receive the Bond Settlement Agent licence. The China bond market is the largest in Asia and the second largest in the world and is of significant interest to international investors. Over the years, DBS has actively participated in China’s bond market, giving us in-depth experience in the space. With the licence, we look forward to introducing more overseas customers to the China bond market and providing our comprehensive service to international institutional investors.”
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
DBS China offers personal banking, wealth management and business banking services, with a presence in Beijing, Guangzhou, Hangzhou, Shanghai, Shenzhen, Dongguan, Nanning, Qingdao, Xi’an, Suzhou and Tianjin.