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24 February 2024

Nasdaq Dubai welcomes listing of US$600 million green bond by China Construction Bank

Published
By E247

Nasdaq Dubai welcomes the listing of a USD 600 million green bond by China Construction Bank (DIFC Branch). The green bond issuance targets combating climate change, represents China Construction Bank’s significant commitment to sustainable financing and highlights the growing synergy in green financing between China and UAE.

To mark the issuance, H.E Li Xuhang, Consul-General of the People’s Republic of China in Dubai and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), rang the market opening bell at Nasdaq Dubai. 

The total value of bonds listed on Nasdaq Dubai by China Construction Bank, comprising the issuances by Hong Kong and Dubai branches, now stands at USD 2.45 billion. Notably, the cumulative value of outstanding debt from Chinese Issuers on Nasdaq Dubai stands at USD 11.95 billion, through 22 issuances. This listing brings Nasdaq Dubai's total value of ESG related issuances to USD 27.05 billion and contributes to a total value of debt listed on the exchange totaling USD 128.66 billion, positioning Nasdaq Dubai as a leading global hub for fixed income listings and a hotspot for sustainable financial instruments. 

H.E Li Xuhang, Consul-General of the People’s Republic of China in Dubai, highly appraised the remarkable performance of Chinese banking institutions in promoting green finance and expressed his expectation on China Construction Bank (DIFC Branch) to keep contributing to energy transformation in the region, supporting green and sustainable development in UAE, Middle East and the World.

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM) said: “We are pleased to welcome this green bond listing of China Construction Bank (DIFC Branch) on Nasdaq Dubai. This further strengthens our long-standing relation which we have nurtured over the years. With this listing, Nasdaq Dubai solidifies its position as a global leader in creating an ecosystem that fosters sustainable financing and responds aptly to the growing demand for green financing instruments in the region. We look forward to furthering access to these innovative financial solutions on our platform.”

Yuan Shengrui, SEO of China Construction Bank (DIFC Branch) said: “The branch will take the green bond issuance as an opportunity to further boost economy with high-quality growth. And take capital market as the bridge to support cooperation in green sustainable development and energy transformation between China, UAE and the region. It’s also the channel to tell Chinese stories and convey CCB’s voice in green finance.”

This landmark listing by China Construction Bank (DIFC branch) will leverage capital market to support symbolic green projects in UAE and the region in sectors of renewable energy, sea water desalinisation, reduction of greenhouse gas emissions and energy saving. With comprehensive financial products and services, the branch is dedicated to supporting more Chinese corporates to participate into green energy projects, promoting environmental protection and energy transformation, labelling CCB’s green finance strategy.