As well as celebrating its eighty first year in Singapore, Bank of China has chosen the Lion City for its latest offshore push.
Bank of China (BOC) launched of its new Debt Capital Market Centre (Asia) in Singapore, the first of its kind established by a Chinese bank in the Southeast Asian wealth management and financial hub.
The new centre, housed in the Bank of China building, will leverage on BOC's expertise and distribution network to provide bond origination and distribution services for clients in the Asia-Pacific region.
Expansion of Panda Bonds
The centre will allow BOC to capitalise on the growing debt capital markets in Asia-Pacific, which reached a record volume of $1.45 trillion in 2016, up 16 percent from 2015.
It will also support BOC's strategy to broaden its investor base by delivering an expanded remit of investment products, promoting the Chinese bond market and unlocking further underwriting opportunities for Panda bonds in the region.
Singapore has been the choice for BOC to launch several regional service platforms in the past, including its Commodity Business Unit, Forfaiting Unit, Card Centre as well as the Private Banking arm.
