Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Company

Singaporean bank DBS receives bond settlement agent license in China

January 15, 2020


Abstract : DBS Bank (China) Limited has received its bond settlement agent license from the People's Bank of China to act as a bond settlement agent in the China interbank bond market, the company said.

SHANGHAI, Jan. 14 (Xinhua) -- DBS Bank (China) Limited has received its bond settlement agent license from the People's Bank of China to act as a bond settlement agent in the China interbank bond market, the company said.

The bank is the first and currently the only Singaporean bank to be granted such a license.

DBS's securities services are a leader in the Singapore market and the largest in Southeast Asia, according to Kyle Tan, head of DBS China Treasury and Markets, adding that the bank's institutional investors have distinctive characteristics with regard to investing in Asian assets.

"DBS Bank is very pleased to be the first Singaporean bank to receive the bond settlement agent license. The China bond market is the largest bond market in Asia and the second-largest in the world. It is constantly opening and attracting the attention of international investors," said Neil Ge, CEO of DBS China.

Chinese authorities announced new rules in October to make it easier for overseas institutional investors to invest in the interbank bond market.

Scan the QR code and push it to your mobile phone

Keyword: foreign banks bond market DBS

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial