Core Insights - China Bank successfully assisted the Shenzhen Municipal Government in issuing offshore RMB local government bonds in Hong Kong, marking the fifth consecutive year of leading this initiative, highlighting its role in cross-border financial innovation and the internationalization of the RMB [2][3] Summary by Categories Bond Issuance Details - The total amount of bonds issued was 4 billion RMB, with a 2-year bond of 1.5 billion RMB at a coupon rate of 1.61%, a 5-year bond of 1 billion RMB at 1.80%, and a 10-year bond of 1.5 billion RMB at 2.08% [2] - The issuance attracted significant market interest, with peak order book size reaching 18.67 billion RMB and a final subscription multiple of 4.7 times, indicating strong confidence from international investors in RMB assets and Shenzhen's development prospects [2] Sustainable Development Focus - This issuance introduced a new category of sustainable development bonds themed around the Greater Bay Area, with funds primarily allocated for clean transportation and water governance, reflecting the Shenzhen Municipal Government's forward-looking approach to financial innovation and social responsibility [2] Role of China Bank - Over the past five years, China Bank has been deeply involved in the issuance of offshore RMB local government bonds for the Shenzhen Municipal Government, serving as the global coordinator and green advisor, earning high recognition for its professional capabilities and service efficiency [3] - The bank aims to leverage its global advantages and comprehensive features to support high-level opening-up and high-quality collaborative development in the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to economic prosperity and social progress in both Shenzhen and Hong Kong [3]

Group 1 - The core viewpoint of the news is that Bank of China successfully assisted the Shenzhen Municipal Government in issuing offshore RMB local government bonds, marking its fifth consecutive year in this role, highlighting its ongoing exploration and achievements in cross-border financial innovation and RMB internationalization [1][2] - The total amount of bonds issued was 4 billion RMB, with a 2-year bond size of 1.5 billion RMB at a coupon rate of 1.61%, a 5-year bond size of 1 billion RMB at a coupon rate of 1.80%, and a 10-year bond size of 1.5 billion RMB at a coupon rate of 2.08% [1] - The issuance attracted significant market interest, with a peak order book size of 18.67 billion RMB and a final subscription multiple of 4.7 times, reflecting international investors' strong confidence in RMB assets and Shenzhen's high-quality development prospects [1] Group 2 - The issuance introduced a new category of sustainable development bonds themed around the Greater Bay Area, with funds primarily allocated to clean transportation and water governance, showcasing the Shenzhen Municipal Government's forward-looking approach to financial innovation and social responsibility [1] - Bank of China has been deeply involved in the issuance of offshore RMB local government bonds for the Shenzhen Municipal Government over the past five years, serving as both the global coordinator and green advisor, earning high recognition for its professional capabilities and service efficiency [2] - Looking ahead, Bank of China aims to leverage its global advantages and comprehensive features to support high-level opening-up and high-quality collaborative development in the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to the economic prosperity and social progress of both Shenzhen and Hong Kong [2]