The Shanghai Clearing House supports the first batch of offshore bond credit derivative transactions issued in the "Yulan Bond" model.

According to Shanghai Clearing House, recently, Shanghai Pudong Development Bank, Guotai Junan Securities, and China International Capital Corporation have conducted the first batch of off-shore bond credit derivative trading linked to the "Yulan Bonds" model in the entire market. Shanghai Clearing House has provided clearing services. The landing of this business is the first practice of credit derivatives supporting the "Yulan Bonds" business to achieve a high-level opening of China's bond market to the outside world.