28 July 2021
CICC Ranked the First of 21H1 CGB Cash Bond Trading Volume

According to the rank of CGB cash bond trading volume released by Ministry of Finance, CICC has leapt to the top spot in the ranking with clear advantages in underwriting and trading over its peers. It ranked the first among 55 banks and non-bank institutions in terms of CGB cash bond trading volume.

This year marks the 40th anniversary of the reissuance of CGB, CICC has seized the historical opportunity of reform and opening up of China’s bond market to build a domestic and global network covering a full range of institutional investors. Being one of the most active market makers, CICC provides market-making service in all trading hours and makes two-way market for both on-the-run and off-the-run bonds across the entire CGB yield curve, driving up CGB liquidity in an all-around way.

In response to the national strategic planning laid out in the 14th Five-Year Plan "to accelerate the establishment of a dual circulation development pattern in which domestic economic cycle plays a leading role while international economic cycle remains its extension and supplement", CICC takes an active role in the reform process of China's bond market, continues to improve its financial services capacity, and helps to satisfy the financing needs under the new development landscape. Supporting the issuance of CGB is not only an important measure taken by CICC to follow the 14th Five-Year Plan, but also a concrete demonstration of the company's strategy of "internationalization, regionalization and digitization". In the future, the company will keep adhering to the "Chinese Roots, International Reach" concept so as to provide world-class sales-and-trading service to global investors and contribute its strength to the realization of high-level opening up.