In recent years, the RMB market in Singapore has developed rapidly in terms of volume and market depth. ABC Singapore branch has been following the developments and market trends closely and actively explore potential RMB business opportunity and growth.

Recently, ABC Singapore branch has successfully participated as a co-manager in Bank of China Limited, Singapore Branch dim sum bond issuance. The bank had issued a total of 3 billion RMB of the aforesaid bond and received an overwhelming response in subscriptions. The participation as a Co-manager in this bond issuance not only marks an important milestone for ABC Singapore branch in the offshore RMB market, it also strengthens the foundation for its investment banking business development in Singapore.