On October 21,a RMB 3 billion, 3-year offshore RMB bond for green sustainable development issued by Shenzhen Futian Investment Holdings was presented on the Greater Bay Area Bond Platform of the Shenzhen Stock Exchange (SZSE). This marks the first time a cross-border bond for green sustainable development issued by local state-owned enterprise has been showcased on the Platform.

The establishment of the Platform represents a significant initiative for the SZSE to implement major decisions and guidelines of the Central Committee of the Communist Party of China (CPC) and the State Council. These guidelines include the Opinions on Supporting Shenzhen to Build A Pilot Demonstration Zone for Chinese Socialism and the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area. The Platform aims to facilitate the high-standard opening up of the bond market and provide better services for the construction of the Greater Bay Area and the pilot demonstration zone. As of now, the Platform has presented the information of a total of 38 products, including 28 offshore bonds from local governments and 10 cross-border bonds issued by policy financial institutions.

The cross-border bond issued by Futian Investment Holdings is listed on both the Platform and the Hong Kong Stock Exchange, achieving a “zero breakthrough” in the disclosure of corporate cross-border bonds on the Platform. This listing diversifies the variety of products available on the Platform, enhances the Platform’s information disclosure capabilities, and helps further explore the alignment of domestic and international bond market rules and systems.

The SZSE remains committed to green and low-carbon development, as shown by its efforts to improve the efficiency of sustainable financial services. Recently, it launched a dedicated section for sustainable financial services on its official website. The cross-border bond for green sustainable development issued by Futian Investment Holdings will raise funds to support qualified green development and social responsibility projects. This reflects the SZSE’s ongoing efforts to deepen its sustainable financial services and contribute to green finance.

Going ahead, the SZSE will continue to implement the guiding principles from the Third Plenary Session of the 20th CPC Central Committee, the Central Financial Work Conference, and the new “Nine Guidelines.” In accordance with the guidance of the China Securities Regulatory Commission, the SZSE will leverage the functions of the Greater Bay Area Bond Platform, actively expand the depth and breadth of its cross-border and green bond services, accelerate the development of a multi-layered bond market, and promote a steady and orderly institutional opening up of the capital market.