On February 26, China's Industrial Bank (CIB) completed the market's first Euro bond investment transaction under the "Bond Connect Southbound" infrastructure interoperability framework, marking a new milestone in China's financial market liberalization.
CIB has rigorously implemented the People's Bank of China's directives on "optimizing financial market connectivity mechanisms." Leveraging its integrated operations, the bank partnered with Shanghai Clearing House to pioneer multi-currency settlement under the "Bond Connect Southbound" infrastructure model, elevating the Bond Connect program from initial accessibility to broad and stable connectivity. This transaction exemplifies CIB's proactive approach to serving cross-border investment needs of the real economy and its concrete contribution to building a "dual-circulation" development paradigm, establishing a benchmark for domestic investors seeking diversified, efficient cross-border investment channels.
In recent years, CIB has strengthened partnerships with domestic and international financial infrastructure institutions to refine its cross-border investment products and maintain its competitive edge in cross-border finance. As a pioneer participant in Bond Connect Southbound, CIB has consistently ranked among market leaders in Southbound bond transaction volume. Since being approved as a Bond Connect Southbound market maker in 2023, CIB has continuously fulfilled its market-making and liquidity provision functions. The successful execution of this Euro bond investment under infrastructure interoperability further solidifies CIB's leadership in cross-border finance, showcasing comprehensive capabilities in global asset allocation under its "Commercial Banking + Investment Banking" strategy.