Zhanglong Group Issues China's First Digital Yuan "Belt and Road" Corporate Bond, Boosting High-Standard Opening-Up

Zhanglong Group Issues China's First Digital Yuan "Belt and Road" Corporate Bond, Boosting High-Standard Opening-UpRecently, Fujian Zhanglong Group Co., Ltd

Zhanglong Group Issues China's First Digital Yuan "Belt and Road" Corporate Bond, Boosting High-Standard Opening-Up

Recently, Fujian Zhanglong Group Co., Ltd. successfully issued its 2024 non-public "Belt and Road" corporate bonds (first phase) targeted at professional institutional investors on the Shanghai Stock Exchange (bond abbreviation "24Zhanglong05"). This issuance raised RMB 1 billion, with a 10-year maturity. The issuer and bond ratings are both AAA. China Merchants Securities acted as the sole lead underwriter, and the coupon rate is 2.62%.

This issuance holds significant importance. First, it is the first digital yuan "Belt and Road" corporate bond in China, and also the first ten-year private placement bond in Fujian Province. The application of digital yuan brings new opportunities for bond issuance. Its high security, payment-settlement, and zero-fee advantages effectively help accelerate the expansion of digital currency application scenarios in the bond market, ushering in a new chapter for digital finance.

Second, the proceeds raised from this issuance will be mainly used to support trade with countries and regions along the "Belt and Road". This aligns with the guiding principles of the 20th Party Congress' third plenum, which calls for "accelerating the cultivation of new growth drivers for foreign trade" and "high-quality joint construction of the Belt and Road." It demonstrates Zhanglong Group's determination to actively respond to the national strategy and promote the formation of a more open, inclusive, and mutually beneficial new pattern of economic and trade cooperation.

Moreover, the successful issuance of this long-term, low-cost bond fully reflects the strong confidence of institutional investors in Zhanglong Group's industrial layout. Its diversified strategy deployment will receive long-term empowerment, providing new and strong impetus for advancing high-standard opening-up.

It is worth mentioning that this bond is underwritten by Bank of China and Industrial Bank, acting as digital yuan operators. It is the first digital yuan corporate bond in Fujian Province. Zhanglong Group has always deeply implemented the "Two Countries, Two Parks" cooperation initiative between China and the Philippines, contributing indispensable Zhanglong wisdom and strength to the high-quality joint construction of the "Belt and Road."

The successful issuance of this digital yuan "Belt and Road" corporate bond marks a significant step forward for Zhanglong Group in financial innovation and opening-up, and also provides new models and experiences for Chinese companies to participate in the construction of the "Belt and Road" utilizing digital financial tools. In the future, Zhanglong Group will continue to leverage its own advantages and play a more important role in promoting the construction of the "Belt and Road."