2024-01-15 07:21:43
Nasdaq Dubai welcomed the listing of green bonds by China Construction Bank (DIFC Branch), worth $600 million, which is the bank’s first issuance of its kind in the region. This listing aims to support projects to combat climate change, and represents the bank’s significant commitment to sustainable financing, in addition to highlighting the close cooperation between the Republic of China and the United Arab Emirates in the field of green finance.
To celebrate this new listing, Li Shuhang, Consul General of the People’s Republic of China in Dubai, rang; Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, rings the opening bell of the trading session at Nasdaq Dubai.
The total value of bonds listed on the Nasdaq Dubai stock exchange by China Construction Bank, which includes issues from its Hong Kong and Dubai branches, is $2.45 billion. The total value of bond issuances owed by Chinese issuers on Nasdaq Dubai reached $11.95 billion, through 22 listings.
It is worth noting that the new listing of the bonds of the China Construction Bank branch in the Dubai International Financial Center raises the total value of Nasdaq Dubai’s issuances of ESG bonds to $27.05 billion, and contributes to the total value of the bonds listed on it, amounting to $128.66 billion, which strengthens Nasdaq’s position. Dubai is a pioneer in the listing of fixed interest bonds, and highlights its growing importance as a global platform.
Li Shuhang praised the outstanding performance of Chinese banks in promoting green financing, and expressed his expectations from the China Construction Bank (DIFC Branch) to continue their efforts in the field of energy transformation in the region and to support sustainable and green development in the UAE, the Middle East region and the world.
Hamed Ali said: “Nasdaq Dubai is keen to consolidate its leading position in the world by creating a system that enhances sustainable financing and meets the growing demand for green financing tools in the region. In this context, we are pleased to welcome the first listing of the China Construction Bank branch in the Dubai International Financial Center on Nasdaq Dubai, which will strengthen our mutual relations that have been established over the past years in the long term. Through this listing, we look forward to enhancing access to innovative financial solutions through our platform in Nasdaq Dubai.
Yuan Xingrui, Chief Executive Officer of China Construction Bank (DIFC Branch), noted: “This green bond listing is seen as an opportunity to boost the economy with high-quality growth. Especially with the Nasdaq Dubai stock exchange being taken as a communication bridge that supports cooperation in the field of green sustainable development and energy transition between the Republic of China, the Emirates, and the region. In addition to being a major communication channel to convey the voice of the China Construction Bank in the field of green finance, and to share its experiences related to the Republic of China.”
This distinguished listing by China Construction Bank (DIFC Branch) would benefit from the capital market, especially the Nasdaq Dubai Stock Exchange, to support symbolic green sector projects in the UAE and the region, especially in the sectors of sustainable energy, seawater desalination, and emissions reduction. Greenhouse gases and energy savings.
Using its comprehensive financial products and services, CCB is working hard to support more Chinese enterprises to participate in green energy-related projects, aiming to promote environmental protection and convert energy to clean sources. The bank is adding a special touch to its financial strategy, focusing on green financing as an essential part of its vision and development efforts.
1705305043
#Nasdaq #Dubai #welcomes #listing #million #green #bonds #China #Construction #Bank
