Under the Head Office’s guidelines for further development of asset-light and noncredit businesses, ABC Singapore Branch continues to up the ante in its offshore RMB bond distribution capabilities by forging deepened collaborations with the various offshore institutional investors. These efforts are bearing fruit.

According to data compiled by Bloomberg on 8 August 2016, in terms of the offshore RMB bond (including CD) DCM market share, Agricultural Bank of China Limited (including all its overseas institutions), was credited with 13 transactions and aggregated amount of RMB8.54 billion, topped all Chinese institutions and ranked 4th overall among the institutions surveyed. All the 13 transactions were conducted by the Singapore Branch.

Moving forward, the Singapore Branch will continue to strengthen its offshore RMB bond distribution capabilities as a key player in this market segment to further entrench the repute and branding of Agricultural Bank of China Limited.