The Shanghai Clearing House supported the successful issuance of the world's first offshore bond denominated in Hong Kong dollars.

On March 5th, the Shanghai Clearing House supported the successful issuance of the world's first Hong Kong-dollar denominated offshore bond in the Shanghai Free Trade Zone. This bond, with China Construction Bank Limited as the issuer, had a issuance size of 100 million Hong Kong dollars and a coupon rate of 2.5%. The financing cost of this bond was lower than the local level in New Zealand, and it attracted high-quality overseas institutional investors to participate in the subscription through overseas sub-custodian institutions such as Bank of China Hong Kong.