Shanghai Clearing House successfully held a seminar on "Yulan Bonds" in Hong Kong.

According to the Shanghai Clearing House, on September 24, the Shanghai Clearing House, together with the European Clearing Bank and Bank of China Hong Kong, jointly held a "Magnolia Bond" seminar in Hong Kong. Nearly 50 representatives from Bank of China Hong Kong, China International Capital Corporation and many other financial institutions in Hong Kong participated in the meeting. The meeting focused on how to leverage the unique role of "Magnolia Bonds" to serve as a new channel for overseas bond financing for Chinese enterprises and to strengthen the RMB overseas asset pool. The financial institutions attending the meeting fully affirmed the advantages of "Magnolia Bonds" in reaching global investors widely, effectively reducing the financing costs for issuers, and actively discussed how to further improve the international interbank network of "Magnolia Bonds", optimize policy dividends and value-added service tools, enhance the efficiency of issuance, underwriting, delivery, and collateral management, and actively provide recommendations and suggestions.