As the most globalised and integrated Chinese bank, BOC provides a wide range of financial services for customers across onshore and offshore China as well as 62 countries and regions. The strong cross-border business franchise has made BOC the number one choice for customers with cross-border business. Being one of the opinion leaders in Chinese onshore and offshore debt capital markets, BOC has fulfilled the mission of showcasing the world the value of Chinese credits as well as assisting more high quality issuers to step into the onshore and global financial markets. BOC offers a comprehensive series of financial, investment and wealth management products to personal, corporate and institutional clients. Among these high-quality products, Panda bonds and cross-border bonds are the flagship products, as BOC prides itself in being the leading bank in international bond markets and providing its clients with more diversified global funding resources. In 2022, BOC has once again been in 1st place in the offshore China bond market, marking the sixth year that the bank has clinched the industry’s top accolade since 2016. In 2022, BOC has underwritten 102 deals with total issuance volume equivalent to US$4.197bn and covered 41.8% of the total deals during the year. Recognised for its innovation abilities, BOC provides a full range of services in debt capital market, including the currencies of US dollar, euro, sterling, offshore renminbi, Hong Kong dollar, Macau pataca and Australian dollar, and a variety of products. BOC aims to effectively build a bridge straddling the domestic and international markets through its leading underwriting services and selling abilities. The bank was lead arranger for the Ministry of Finance of China in its US dollar-, euro- and CNH denominated offshore bond offerings for several years, and was left lead for all three CNH local government bonds in 2022, which comprised Hainan’s first local government GSBS (Green, Social, Blue and Sustainable) CNH bonds, Guangdong’s and Shenzhen’s second local government CNH bonds after their debuts last year. The issues effectively promoted cross-border financial connectivity and cooperation, expanded and deepened the CNH debt capital market, and contributed to the internationalization of RMB. Fully utilizing the two-way opening-up reformation trend of the bond market, BOC has also brought to market a series of innovative solutions which combined traditional fixed income products together with localized regulatory characteristics. BOC printed the first Yulan bond and the world’s first green bond aligned with the updated “IPSF Common Ground Taxonomy” in history. As one of the first recognized depository and clearing banks, BOC acts as the leading market maker in the Southbound trading leg of Bond Connect and helps to promote the connection between onshore and offshore markets. BOC is also a pioneer and leader in the international green bond market. The tally of its offshore green bond underwriting added to more than US$28bn as of October 31st 2022, topping the list of all Chinese offshore underwriters from 2018 to date. As an issuer, the bank sold the first blue, transition and biodiversity bonds of a Chinese bank credit in the offshore market. Also, the bank acted as the sole green consultant in the first Chinese local government offshore CNH bonds. Since the Panda bond market reopened in 2014, BOC dominated the Panda bond underwriting league table for eight consecutive years and contributed to product innovation with milestones of remarkable issuance. In 2022, BOC continues to maintain its leadership in the market, with a market share of nearly 25% in the China interbank Panda bond market, still ranking first. BOC has actively expanded its scope from Asia, Europe, America, the Middle East and many countries and regions along the “Belt and Road”, and has successfully underwritten about 150 Panda bonds. Its client
