The Singapore Exchange (SGX), on Dec 3, welcomed the listing of the onshore bonds of China Development Bank, marking the first time that China onshore RMB bonds are being listed on the exchange.

The bank is the world’s largest development finance institution, and China’s largest bank specialising in medium- to long-term lending and bond issuance.

It has issued over RMB20 trillion ($4.08 trillion) worth of bonds since its establishment in 1994.

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