2017 CDB Financial Bonds Successfully Issued In Shenzhen Stock Exchange

On November 23, 2017, China Development Bank (hereinafter as “CDB”) successfully offered CNY3.25 trillion of the third tranche of 2017 financial bonds (hereinafter as “CDB 1703”) via Shenzhen Stock Exchange (hereinafter as “SZSE”), with a subscription rate of 2.19 and a winning income rate of 3.99%, marking the end of the CNY80 trillion financial bond offering by CDB in stock exchanges in 2017.

Since the beginning of the year, to implement relevant arrangements of People’s Bank of China and China Securities Regulatory Commission, SZSE has been actively cooperated and coordinated with CDB. With solid technologies, sound business rules and adequate market organization, a total of CNY38.62 trillion financial bonds from CDB were successfully issued in SZSE through interest rate, price and quantity bidding, which is conducive to the cross-market issuance of CDB financial bonds and the optimization of bond market structure in exchanges.

Next, SZSE shall, in accordance with the spirit of the 19^th CPC National Congress and guided by the socialism with Chinese Characteristics in the Xi Jinping era, explore new lands to serve the real economy, continue facilitate the issuance of bonds with high credit rating such as CDB bonds and local government bonds in SZSE, and to promote the stable and health development of the bond market of stock exchanges.