With the publishing of “Measures for Short-term Financing Bond” by People's Bank of China in 2005, enterprises won potent policy support for their financing-channel extension. From then on, enterprises were able to raise funds by issuing short-term bonds through inter-bank bond market. IB is among the first batch of the banks approved the underwriting qualification for short-term financing bond.

IB Tianjin branch has been attaching great importance to the business of short-term financing bond. After deep mining of customer resource, IB Tianjin branch locked Tianjin Pipe (Group) Corporation as its target client. With communication dominated by branch leaders and marketing effort by branch employees, IB Tianjin branch finally achieved the underwriting qualification of TPOC for the 1 billion short-term financing bonds.

On May 21, the first batch of 500-million short-term financing bond of TPOC was successfully issued. TPOC raised its fund with the rate 1 percent point lower than that of bank's loan, having its financing cost reduced greatly.

The successful cooperation of IB and TPOC not only cemented the cooperating relationship between IB and large-sized enterprises in Tianjin, but also underpinned a solid foundation for strengthening the investment banking business.