Home>>
CDB to issue dollar-denominated offshore bonds to support Shanghai FTZ development
(Xinhua) 16:16, August 15, 2023
BEIJING, Aug. 15 (Xinhua) -- The China Development Bank (CDB), one of the country's policy banks, said on Tuesday that it will issue dollar-denominated bonds in the offshore market in the near term to support the building and business development of the Shanghai Free Trade Zone (FTZ).
The funds raised by the bonds will mainly be used to serve the FTZ to further align with high-level international standards of economic and trade rules, and accelerate its integration into the globalization process and international financial market.
According to the bank, it has raised funds equivalent to more than 1.2 billion U.S. dollars to serve the business development of the FTZ since 2018.
(Web editor: Zhang Kaiwei, Liang Jun)
Photos
Related Stories
- A decade on, China's free trade zones become pacesetters for further reform and opening-up
- Chinese premier calls for improved pilot FTZs, exploration of high-level opening-up
- China to promote more FTZ reform measures nationwide
- China's FTZs deepen reforms to align with international standards
- Shanghai FTZ's Lin-gang Special Area welcomes advanced finance institute
About People's Daily Online | Join Us | Contact Us
Copyright © 2023 People's Daily Online. All Rights Reserved.
Copyright © 2023 People's Daily Online. All Rights Reserved.