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Treasury Business

Agricultural Bank of China (DIFC Branch) is a key player of the Group in Asia and the Middle East. We commit ourselves to providing clients responsively with comprehensive and professional financial services and offering tailored service solutions. The Treasury team extends a broad range of capabilities including but not limited to inter-bank lending and borrowing, foreign exchange (e.g. FX spot, FX forward, FX swap), financial derivatives, bond investment, certificate of deposit issuance.

 

As a bridge connecting China and the global markets, the Branch in 2014 issued the first RMB Bond---the first CNH-denominated bond issued by Chinese financial institution in Middle East -- and listed it on Nasdaq Dubai. In 2015, the Branch was one of the underwriters of the first offshore RMB bill issued by the People's Bank of China and distributed the first free trade zone bond issued by Shanghai Municipal Government. The Branch actively participated in building the channel for "Bond Connect" and became one of the first overseas investors in "Bond Connect". The first credit bond deal in the market was made by the Branch and the accumulated investments via "Bond Connect" since 2017 exceeded 8 billion yuan RMB.

 

With the support from the Group and with the unique location of DIFC in the Middle East connecting Beijing and London, the Branch can exploit the strong network and provide clients with continuous and fast foreign exchange service solutions. The Branch is keen to offer clients with global investment solutions and help them hedging risks in the global market.