CICC’s First online trade of CFETS-linked Carbon Neutral Bond
On July 26, the first return swap of CFETS-linked interbank carbon neutral bond index was traded by CICC and Guotai Junan. This is the first return swap trade of bond index made through CFETS.
The CFETS Interbank Carbon Neutral Bond Index was officially released on July 1, 2021 by China Foreign Exchange Trade System (CFETS) & National Interbank Funding Center (NIBFC). It consists of carbon neutral bonds listed and traded on the interbank market, providing market investors with performance comparison and investment reference.
This trade is based on serving the national strategic goals of "carbon peak" and "carbon neutrality". Besides, it also promotes the supporting and guiding role of financial instruments in economic transformation, improves the green financial product service system and utilizes financial innovation to boost the low-carbon development of real economy. Meanwhile, this trade is also the first return swap traded through CFETS, which tapped into the convenience and standardization of the online system, further activated the OTC derivatives market and could be regarded as another innovation that drives the development of onshore OTC derivatives market.
As one of the most active derivatives traders in the market, CICC has excellent quoting and trading capabilities and always puts customers' interests first. The company is committed to developing the cutting-edge products and building a global financial platform in an all-around way. CICC provides customers with investment trading and risk management services covering interest rates, exchange rates, credit, commodities and structured products. At the same time, CICC embraces the "country-centered" aspiration, tapping into its responsibilities and resource advantages as leading investment bank in China, so that it could better support the high-quality development of real economy, further boost the enterprises' transformation and upgrading as well as make contributions to the realization of the dual-carbon targets.