Bank of China Dubai Branch listed a CNH 2 billion Yulan Bond on Nasdaq Dubai, marking the exchange's first such issuance with yields tightening to 1.60%. Concurrently, Omani and Chinese entities signed 23 strategic agreements in Beijing establishing joint investment funds totaling $1.1 billion. Cumulative Chinese debt listings on Nasdaq Dubai have now surpassed $31.9 billion.
Bank of China Dubai Branch has listed a CNH 2 billion Yulan Bond on Nasdaq Dubai, marking the exchange's first-ever Yulan Bond listing. The two-year note matures in October 2028 and is dual-listed on the Hong Kong Stock Exchange with an 'A' rating from Fitch Ratings.
Ras Al Khaimah and China's Fujian Province have signed a friendship agreement to deepen economic, maritime, and cultural collaboration. The signing was accompanied by 10 Memorandums of Understanding between Ras Al Khaimah entities and Chinese organisations across robotics, transport, finance, and infrastructure. The developments concluded a six-day official delegation visit to Shenzhen, Guangzhou, and Fuzhou led by Sheikh Saud bin Saqr Al Qasimi.
Market participants are monitoring key financial metrics including state-backed Chinese ETF purchases and Bank of China Dubai's landmark Yulan bond debut on Nasdaq Dubai. The two-year, 2 billion yuan bond issue was more than five times oversubscribed, with sovereign accounts taking over 30 percent. Other major indicators include Standard Chartered's 46 percent profit rise and steady benchmark interest rates in the US and Hong Kong.
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