Select a page

Banking News

Bank of China Boosts Offshore Debt Team

Bank of China Boosts Offshore Debt Team

(29 October 2020 – Hong Kong) Bank of China (BOC) is planning to boost its headcount in the offshore debt capital markets (DCM) team by 40 percent in recognition of a surge in demand from Chinese borrowers.

From a headcount of around 50, BOC will hire an additional 20 staff over the next five years, according to the Bank’s general manager of investment banking and asset management Hu Kun.

The Bank aims to win more dollar bond deals by Chinese technology giants and also sees rising interest in euro notes by mainland borrowers against a backdrop of intensifying US-China tensions.

BOC’s offshore bond team currently has offices spanning across Hong Kong, Singapore and London, covering deals in Asia, Europe, the Middle East and Africa.

“Our investment in human resources will be based on the rapid growth of the offshore bond market and BOC’s overall development layout,” Hu said. “It is a logical business development.”

Based on the new Capital Markets Forecast Index from East & Partners, 78 percent of the Top 100 revenue ranked corporates in China expect to actively raise debt in the next 12 months, highlighting the growing pie.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.