Recently, UBS Group successfully issued RMB 2 billion five-year panda bonds in the Chinese interbank market. This is the first time that a Swiss financial institution has issued panda bonds in China. The subscription ratio is over 3 times, and the coupon interest rate is 1.78%. It has become an important practice for UBS to deeply integrate into the Chinese financial market and help internationalize the RMB. “UBS has been exhibiting in mainland China for over 36 years and has participated in the Chinese capital market as an investor, consultant, and intermediary agency for a long time. Entering the market as an issuer of RMB bonds is a natural step in UBS's development journey in China.” Hu Zhiyi, president of UBS Group China and chairman of UBS Securities, said in an interview with reporters that as China's economic innovation and vitality surges and the willingness of overseas investors to increase their holdings of Chinese assets continues to grow, UBS will seize the opportunity to further cultivate the Chinese market and expand its presence in China.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.