The first national blue bond contract credit derivative trading landed in Shandong.

Recently, under the guidance and promotion of the Shandong Branch of the People's Bank of China, Shandong Province successfully launched contract credit derivatives transactions linked to blue bonds. This business is the first credit risk mitigation contract in the country with blue bonds as the underlying protection target. In this transaction, Bank of Communications and Shenwan Hongyuan Securities reached a credit risk protection transaction with Shandong Energy Group's new energy group limited company's blue bond "G261" as the target, with a transaction scale of 30 million yuan, and Shanghai Clearing House providing clearing services. This model effectively mitigates the credit risk in the allocation of investors in blue bond, enhances market investment confidence, and helps to further reduce the financing cost of marine economy entities in our province, effectively guiding financial resources to flow to the blue economy sector.