DBS China receives bond settlement agent licence for China's interbank bond market
Singapore, Regional.14 Jan 2020
First and the only Singapore bank to receive the licence
Singapore, Regional, 14 Jan 2020 - DBS Bank (China) Limited (DBS China) announced today that it has received a Bond Settlement Agent licence from the People's Bank of China to act as a bond settlement agent in the China Interbank Bond Market. DBS is the first and only Singapore bank to be granted such a licence.
Said Neil Ge, CEO of DBS China, “DBS is very pleased to be the first Singapore bank to receive the Bond Settlement Agent licence. The China bond market is the largest in Asia and the second-largest in the world, and is of significant interest to international investors. Over the years, DBS has actively participated in China’s bond market, giving us in-depth experience in the space. With the licence, we look forward to introducing more overseas customers to the China bond market and providing our comprehensive service to international institutional investors.”
About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
Said Neil Ge, CEO of DBS China, “DBS is very pleased to be the first Singapore bank to receive the Bond Settlement Agent licence. The China bond market is the largest in Asia and the second-largest in the world, and is of significant interest to international investors. Over the years, DBS has actively participated in China’s bond market, giving us in-depth experience in the space. With the licence, we look forward to introducing more overseas customers to the China bond market and providing our comprehensive service to international institutional investors.”
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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
