DBS China Receives Licence to Underwrite Debt of Non-Financial Companies
(14 February 2024 - China) Non-financial firms can now work with DBS China to enter the world’s second-largest bond market.
DBS China has received a licence from China’s National Association of Financial Market Institutional Investors to underwrite debt financing instruments for non-financial enterprises in the China Interbank Bond Market.
This makes DBS the first Southeast Asian-headquartered bank to secure the licence.
With this, non-financial enterprises outside of China can leverage DBS to tap into the world’s second-largest bond market, the bank said in a press release.
"As one of the first foreign banks to participate in the China Interbank Bond Market, our new underwriting licence expands DBS’ existing capabilities and networks in helping both foreign and local issuers access this attractive market,” said DBS Bank (China) CEO Ginger Cheng.
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