StanChart China approved to be bond market maker

Regulator OKs lender's interbank bond market operations as China aspires developing its financial markets.

John Tan, head of global markets at Standard Chartered Bank (China) Ltd., in a statement said the lender "will work closely with the Chinese government and support its efforts in the development of the financial markets."

According to the National Association of Financial Market Institutional Investors, an industry group overseen by the People's Bank of China, China's interbank bond market had 21 market makers before the latest approval.

The Chinese government allowed the locally incorporated units of foreign lenders to underwrite corporate debt and sell yuan-denominated bonds on the local market last year, as stated in a report in the Wall Street Journal.

Standard Chartered said in June it planned to issue up to CNY3.5 billion ($513.3 million) worth of yuan-denominated bonds in China, but didn't give details on the time frame or the number of tranches.

Follow the link for more news on

Also Read

Mizuho expands mid-term finance emission targets

China’s investment banking fees drop 25% in 9M 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit