Based on information from Chinese financial data provider Wind Information, panda bond issuances in the China Interbank Bond Market registered a compound annual growth rate (CAGR) of 26% over the past five years, from RMB 54.5 billion ($10.1 billion) in 2020 to RMB173.3 billion in 2025.
DBS China has been granted a principal underwriting licence for non-financial corporate bonds by China’s National Association of Financial Market Institutional Investors (NAFMII).
According to the bank, this is the most comprehensive licence granted by NAFMII. With it, DBS is now the only Singapore-headquartered bank licensed to lead underwrite all corporate bonds in the China Interbank Bond Market. This includes helping to manage the group of banks and broker-dealers involved in a bond issuance.
