London Stock Exchange welcomes Agricultural Bank of China
London Stock Exchange today welcomed Mr. Liu Shiyu, the Chairman of Agricultural Bank of China to open trading on its markets.
The ceremony, taking place in the same week as the state visit of Chinese President, Xi Jinping to the UK and London Stock Exchange’s inaugural China Green Bond Conference, was held to celebrate the landmark listing by Agricultural Bank of China of RMB and dollar denominated Green bonds with a total value of $1bn.
Following the Market Open Ceremony, Xavier Rolet, CEO, London Stock Exchange Group and Mr. Liu Shiyu signed a memorandum of understanding which will see the two organisations work together on the development of green finance initiatives between London and China.
The listing is the first international Green Bond issue by a Chinese bank, as well as the first Green RMB bond for ABC and listed on London Stock Exchange.
Xavier Rolet, CEO, London Stock Exchange Group:
“We are honoured to welcome Mr Shiyu and his team to open trading on our markets today and to sign this important Memorandum of Understanding. Today’s events and Agricultural Bank of China’s successful green bond listing confirms the resiliency of the ever closer links between London and China. We are committed to working together with Agricultural Bank of China to build a vibrant international market in London for Chinese green finance.”
Mr. Liu Shiyu, the Chairman of Agricultural Bank of China said:
“The successful issuance and listing of ABC’s green bonds on the London Stock Exchange not only fulfils our ambition that was announced as part of the policy outcomes of the latest UK-China Economic and Financial Dialogue, but also manifests the close and fruitful cooperation between Chinese and UK financial institutions on green finance, climate change and adaption initiatives.”