NASDAQ Dubai welcomes the listing of green bonds worth $600 million from China Development Bank

Nasdaq Dubai has listed green bonds worth $600 million issued by China Development Bank (Dubai Branch in Dubai International Financial Centre), marking the bank’s first such issuance in the region.

This listing aims to support climate change projects and demonstrates the bank’s commitment to sustainable financing, as well as highlighting the close cooperation between the People’s Republic of China and the United Arab Emirates in the field of green finance.

To celebrate this new addition, Li Xiaohuang, the Consul General of the People’s Republic of China in Dubai, rang the bell, and Hamed Ali, the CEO of Nasdaq Dubai and Dubai Financial Market, opened the trading session at Nasdaq Dubai.

The total value of bonds listed on Nasdaq Dubai by China Construction Bank, including Hong Kong and Dubai subsidiaries, is $2.45 billion. The total value of bonds issued by Chinese issuers on Nasdaq Dubai has reached $11.95 billion through 22 listings.

It is worth noting that the new inclusion of China Development Bank branch bonds in the Dubai International Financial Center raises the total value of Nasdaq Dubai’s environmental, social, and corporate governance bonds to $27.05 billion.

This contributes to the overall value of listed bonds, which amounts to $128.66 billion, enhancing Nasdaq Dubai’s leading position in the listing of fixed income bonds and highlighting its growing importance as a global platform.

Shu Hang praised the outstanding performance of Chinese banks in promoting green financing and expressed his expectations for China Development Bank (Dubai Branch in the Dubai International Financial Centre) to continue its efforts in the field of energy transformation in the region and support sustainable and green development in the United Arab Emirates, the Middle East region, and the world.

Hamed Ali stated that Nasdaq Dubai is committed to solidifying its leading position on a global level by establishing a system that promotes sustainable financing and meets the increasing demand for green finance tools in the region. In this context, we are pleased to welcome the first listing of China Development Bank’s branch in the Dubai International Financial Center on Nasdaq Dubai.

This listing will enhance our mutual relations that have been strengthened over the years, and through this listing, we look forward to enhancing access to innovative financial solutions through our platform on Nasdaq Dubai.

Yuan Xingrui, Chief Executive Officer of China Development Bank (Dubai International Financial Center branch), pointed out that “the listing of green bonds presents an opportunity to enhance the economy with high-quality growth, especially with Nasdaq Dubai serving as a communication bridge to support cooperation in sustainable green development and energy transition between the People’s Republic of China, the Emirates, and the region.

In addition to being a primary communication channel for China Development Bank to showcase its expertise in green finance and share its experience related to the People’s Republic of China.”

The unique addition by China Construction Bank (Dubai International Financial Centre Branch) is expected to benefit from the capital market, particularly Nasdaq Dubai, in supporting symbolic green projects in the UAE and the region, specifically in sustainable energy, desalination, greenhouse gas reduction, and energy saving.

By utilizing its comprehensive financial products and services, the China Development Bank is actively working to support more Chinese companies engaging in projects related to green energy, with the aim of promoting environmental protection and transforming energy into clean sources. The bank adds a unique touch to its financial strategy, with a focus on green financing as a core part of its vision and development efforts.