The world's first public offering of offshore bonds in the Shanghai Free Trade Zone.

Recently, China Central Depository & Clearing Co., Ltd. supported the successful issuance of the world's first public offering of offshore bonds in the Shanghai Free Trade Zone by the Hong Kong branch of Traffic Bank Limited, with a maturity of 3 years and a coupon rate of 1.85%. The bonds were listed on both China Financial Asset Exchange Co., Ltd. and the Luxembourg Stock Exchange. This issuance has attracted wide attention from the market, and has seen active participation from overseas institutional investors in regions such as Hong Kong, the Middle East, and Central America, with the bonds being registered and held in custody by China Central Depository & Clearing Co., Ltd.