Industrial and Commercial Bank of China's Singapore branch successfully issued the group's first offshore bond in the free trade zone.

Recently, The Industrial and Commercial Bank of China (ICBC) Singapore Branch successfully priced and issued 500 million RMB offshore bonds in the Free Trade Zone with the support of its headquarters and the Shanghai Clearing House, and listed them on the Singapore Exchange. This is the first issue of offshore bonds in the Free Trade Zone by ICBC, and also the first of its kind to be listed on the Singapore Exchange. Next, the ICBC Singapore Branch will continue to leverage its role as a RMB clearing bank, enhance its integrated service capabilities, deeply participate in the construction of the Singapore offshore RMB center, and inject new momentum into the internationalization of the RMB process.