ICBC, CCDO, SGX to endorse new renminbi bond indices

The new bond indices can be used as performance basis for investing in RMB bonds.

The Industrial and Commercial Bank of China (ICBC), China Central Depository & Clearing (CCDC), and the Singapore Exchange (SGX) have agreed to jointly promote the newly-launched suite of ChinaBond-ICBC RMB Bond Indices, according to a press release.

Based on the memorandum of understanding (MOU), the indices will be comprised of the ChinaBond Index ICBC Key Terms Treasury Bond Index, ChinaBond ICBC 1-5 year Key Terms Policy Bank Bond Index, and ChinaBond ICBC 3-5 year Credit Bond Index, which were developed by CCDC subsidiary ChinaBond Pricing Center together with ICBC and can be used as a performance basis for investing in renminbi bonds.

The three parties will jointly increase investor awareness of the Bond Indices through educational sessions and publicity, with the SGX being the first exchange to display the Bond Indices outside China through its website in accordance with China’s efforts to internationalise its currency.

Moreover, the ChinaBond-ICBC RMB Bond Index aims to expand China’s financial industry to offshore markets, attract international capital investments, promote capital financing using the renminbi and the usage of the currency in Singapore to meet the needs of international investors.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia