On July 12, 2024, the New Development Bank (NDB) hosted a Panda Bond seminar titled “Promoting High-Level Openness in Financial Markets and Advancing the Development of Shanghai as an International Financial Center” at the Shanghai Clearing House. The seminar was attended by Monale Ratsoma, Vice President and CFO of NDB; Jin Zhongxia, Director General of the Treasury and Investment Department; Zhang Bo, Deputy Director of the World Bank Loan Project Evaluation Center of the Ministry of Finance; Sun Hui, Deputy Director of the People’s Bank of China Shanghai Head Office; Cai Ying, Director General of the Shanghai Office of the National Financial Regulatory Administration; Tao Changsheng, Deputy Director of the Shanghai Municipal Financial Services Office, and Ma Jianyang, Chairman of the Shanghai Clearing House. More than 100 representatives from regulatory agencies, self-regulatory organisations, financial infrastructure entities, issuers, underwriters, and investors attended the seminar.
NDB is the largest issuer in the Panda Bond market in terms of outstanding volume, actively contributing to building an international cooperation platform, promoting diversified investment and financing, and advancing high-level financial openness. During the seminar, representatives from NDB, the National Association of Financial Market Institutional Investors (NAFMII), the Shanghai Clearing House, and the Industrial and Commercial Bank of China (ICBC) exchanged views on the current status and future development trends of the Panda Bond market from the perspectives of issuers, industry self-regulatory organizations, financial infrastructure, and underwriters.