Nasdaq Dubai Lists $2 Billion Bonds Issued By China's Ministry Of Finance To Strengthen Economic Ties

Nasdaq Dubai has listed two bonds from China's Ministry of Finance. These include a three-year bond worth US$1.25 billion and a five-year bond valued at US$0.75 billion. This move aligns with the UAE's strategy to strengthen economic ties with China, a partnership that has grown over 40 years of diplomatic relations.

The listings highlight Nasdaq Dubai's status as a premier international platform for debt securities. It serves as a crucial link for capital flows between Asia and the Middle East, with debt issuances from over 14 countries. The exchange now boasts cumulative bond listings of $42 billion and total debt listings of $135 billion across 156 issuances, with more than half being government or sovereign issues.

Chinese entities have significantly contributed to Nasdaq Dubai, listing over $22 billion in debt so far. The big four Chinese banks—Industrial and Commercial Bank of China Limited, Bank of China, China Construction Bank Corporation, and Agricultural Bank of China—have their regional headquarters in DIFC and are active issuers on the exchange. This strengthens Nasdaq Dubai's position as a preferred venue for such activities.

Hamed Ali, CEO of Nasdaq Dubai and DFM, expressed satisfaction with this issuance from China's Ministry of Finance. He stated, "We are pleased to welcome this issuance from the Ministry of Finance, People's Republic of China, a significant addition to our portfolio that highlights our commitment to fostering deep, collaborative relationships with international jurisdictions."

This landmark issuance underscores Nasdaq Dubai's role as a bridge for global capital, facilitating strong financial market interactions. It celebrates decades of UAE-China relations and reinforces mutual goals of enhancing economic and financial market connections.

Ian Johnston, Chief Executive of the Dubai Financial Services Authority (DFSA), commented on the growing collaboration between China and the Middle East. He said, "The growing collaboration between China and the Middle East presents transformative opportunities for stakeholders across both regions."

Regulatory Environment

The DFSA aligns with Dubai's vision for innovation and global connectivity by fostering a trusted regulatory environment. This empowers businesses, including Chinese firms, to thrive in an interconnected world. Johnston noted that this significant listing by China's Ministry of Finance highlights deepening economic ties and collaborative financial aspirations between the nations.

The recent bond listings further solidify Nasdaq Dubai's reputation as an essential gateway for capital flows between Asia and the Middle East. As these partnerships grow stronger, they pave the way for more robust financial interactions across regions.

With inputs from WAM