转自：新华财经 作为疆内头部债券承销商，兴业银行乌鲁木齐分行积极搭建平台，协同中介机构和投资人，为新疆债券 市场健康发展创造良好环境。继2024年首次发布《新疆债券市场白皮书》后，该行于2025年持续发布， 全面回顾分析新疆债券市场发展情况与趋势。 兴业银行乌鲁木齐分行坚决贯彻服务实体经济，擦亮"投资银行"名片，为疆内更多发行人提供优质服 务，为新疆"十五五"开局作出更大贡献。（古拉然） 编辑：赵鼎 2025年9月，兴业银行乌鲁木齐分行助力哈萨克斯坦开发银行在中国香港发行离岸人民币债券，该债券 是哈萨克斯坦及中亚地区发行人首次在全球公开发行并上市的人民币债券，也是首笔在香港交易所挂牌 的中亚离岸人民币债券。 2025年10月，该行助力哈萨克斯坦国家石油天然气股份公司在中国香港发行离岸人民币债券，该债券是 哈萨克斯坦及中亚地区发行人的首单5年期离岸人民币债券，为中亚企业未来在中长期离岸人民币债券 市场的融资操作提供了关键的定价参考。这一合作既体现了中哈两国在深化金融合作、推动资本市场互 联互通方面的坚定决心，也树立了跨国金融合作与产业资本协同的新典范。 2025年是"十四五"收官年，为更好服务疆内债券融资和经济 ...

Core Insights - The successful issuance of offshore RMB bonds by Kazakhstan's national oil and gas company marks a significant milestone for both the company and the Central Asian region, providing a key pricing reference for future financing operations in the offshore RMB bond market [1][2] - This issuance reflects the growing confidence and recognition of Central Asian enterprises in the offshore RMB capital market [1] - The bond issuance strengthens the long-term strategic partnership between Chinese and Kazakh enterprises in the energy sector, enhancing financial cooperation and capital market connectivity [1] Company and Industry Summary - The bond issuance amounts to 170 million RMB and is the first 5-year offshore RMB bond issued by a Central Asian entity [1] - The Kazakhstan national oil and gas company is a state-owned enterprise that plays a crucial role in the national economy [1] - The initiative is part of the broader framework of high-quality cooperation under the Belt and Road Initiative, establishing a new model for cross-border financial collaboration and industrial capital synergy [2] - The Urumqi branch of Industrial Bank has maintained a leading position in the Xinjiang bond underwriting market and is committed to supporting diverse financing projects, including overseas bond issuances [2] - The bank has previously assisted the Kazakhstan Development Bank in completing overseas bond issuances and plans to continue expanding its financial services in the Central Asian market [2]

Core Viewpoint - The successful issuance of offshore RMB bonds by Kazakhstan's national oil and gas company marks a significant milestone for both the company and the Central Asian region, reflecting growing confidence in the offshore RMB capital market [1][2] Group 1: Bond Issuance Details - The bond issuance was led by Industrial Bank's Urumqi branch, with a total underwriting scale of 170 million RMB, representing the first 5-year offshore RMB bond for a Central Asian issuer [1] - This issuance provides a crucial pricing reference for future financing operations in the offshore RMB bond market for Central Asian enterprises [1] Group 2: Strategic Implications - The successful bond issuance is expected to invigorate the long-term strategic partnership between China and Kazakhstan in the energy sector [1] - It serves as a substantial achievement in deepening financial cooperation and promoting connectivity in capital markets between the two regions [1] - The issuance sets a new benchmark for cross-border financial collaboration and industrial capital synergy [1] Group 3: Bank's Commitment - Industrial Bank's Urumqi branch has maintained a leading position in the Xinjiang bond underwriting market and is committed to supporting diverse financing projects, including overseas bond issuances [2] - The bank plans to continue its efforts in the Central Asian market, providing efficient and professional financial services to various issuers in the region [2]

Group 1 - Jiaxin International Resources Investment Co., Ltd. has officially listed on both the Hong Kong Stock Exchange and the Astana International Exchange, marking the first simultaneous listing of its kind in the world [1] - The initial offering size was $153 million, with a potential total size of $176 million if the greenshoe option is fully exercised [1] - This listing is significant as it represents the first RMB-denominated stock in Central Asia and the first Hong Kong-listed company primarily engaged in tungsten mining [1] Group 2 - China International Capital Corporation (CICC) acted as the sole sponsor and played a crucial role in executing the project, leveraging its cross-border business capabilities [2] - CICC aims to serve national strategies, ensure resource security, and support the development of the real economy, positioning itself as a bridge between China and Central Asia [2] - This project further solidifies CICC's leading position in the international investment banking sector and exemplifies its commitment to facilitating cross-border capital flows and enhancing the global competitiveness of Chinese enterprises [2]

Group 1 - Jiaxin International Resources Investment Co., Ltd. has officially listed on both the Hong Kong Stock Exchange and the Astana International Exchange in Kazakhstan, marking the first simultaneous listing of its kind [1][3] - The initial offering size was $153 million, with a potential total size of $176 million if the greenshoe option is fully exercised [1] - This project represents the first RMB-denominated stock in Central Asia and is the first Hong Kong-listed company primarily engaged in tungsten mining [3] Group 2 - The successful listing is significant for China's strategic resource global layout and supports the security of national industrial and supply chains, contributing to high-quality development of advanced industries [3] - CICC, as the sole sponsor, demonstrated its cross-border business capabilities and provided comprehensive solutions for the unique dual-listing project [3][4] - CICC aims to serve national strategies, ensure resource security, and support the development of the real economy, acting as a bridge between China and Central Asia markets [4] Group 3 - CICC is one of the earliest Chinese investment banks to operate in the Central Asian market, reinforcing its leading position in international investment banking [4] - The project exemplifies CICC's commitment to high-quality Belt and Road Initiative cooperation and will continue to enhance the global competitiveness of Chinese enterprises [4]