HONG KONG - China Development Bank Corporation held its Hong Kong RMB bonds listing ceremony at the Stock Exchange of Hong Kong Limited on Friday.

CDB said the six billion yuan ($946 million) RMB bonds issuance by CDB this year is listed in Hong Kong, making it the largest RMB financial bonds series with the most diverse tenors in a single bond listing on HKSE.

Chief Executive of Hong Kong Exchanges and Clearing Ltd. Charles Li and Executive Vice President of CDB Gao Jian announced and kicked off the trading of CDB RMB bonds on HKSE.

Li said that CDB helped rigorously drive and set a good model by choosing to list its bonds in Hong Kong. "Looking forward, we will continue to enhance the listing approval procedures to facilitate issuers' financing through bond listing."

Gao said by choosing to have its bonds listed in Hong Kong, CDB has actively supported and put into practice the development of Hong Kong as an offshore RMB business center.

"It not only helps expand the investor base of CDB bonds, but also increases the types of RMB bonds listed in HKSE and fosters the growth of offshore RMB market in terms of depth and breadth."

CDB is the largest issuer among all Mainland financial institutions in terms of the RMB bonds issued in Hong Kong, with its accumulated issues amounting to 19 billion yuan.

In January this year, CDB offered 2.5 billion yuan RMB bonds in Hong Kong. The three-year and five-year tranches amounted to 1 billion yuan and the 1.5 billion yuan 15-year bonds were issued via bookrunning.

In March, CDB reopened its 15-year Dim Sum paper with an additional offering of 1 billion yuan.

CDB initially issued 20-year RMB bonds in Hong Kong last month. It issued 2.5 billion yuan bonds, including 1 billion yuan 20-year RMB bonds and 1.5 billion yuan 3-year RMB bonds.