Industrial and Commercial Bank of China recently launched RMB onshore bonds quotes service in European and US trading hours on a trial basis, further facilitating institutional investors from Europe and US to invest in RMB onshore bonds and deepening the opening-up of Chinese financial market.

At present, ICBC’s quotes varieties mainly focus on hot newly-issued bonds that are popular among overseas intuitional investors. Later on, an integrated service system will be built to cover all bond varieties and all trading hours according to customers’ needs.

As China speeds up the opening-up of its interbank bond market, ICBC, the world’s largest bank in RMB business volumn, will be given more impetus to promote bonds trading and business innovation. So far, the bank had established cooperation on interbank bond trading with institutional investors of almost 60 countries and regions, leading Chinese financial institutions on bond trading on overseas investors’ behalf, and on the number of clients of settlement business. As a result, the bank had been awarded the Opening-up Contribution Prize by China Foreign Exchange Trading System for consecutive years.