On March 9, Agricultural Development Bank of China (ADBC) held a closing bell ceremony for bond information disclosure at the Luxembourg Stock Exchange (LSE). Luxembourg Finance Minister Pierre Grammia, Chinese Ambassador to Luxembourg Huang Changqing, Luxembourg Stock Exchange Chairman Wagner, CEO Robert and Senior representatives of Chinese banks in Luxemburg attended the ceremony. Yin Jiuyong, Vice President of ADBC and Liu Youhui, General Manager of Treasury Dept. of ADBC, both attended the ceremony and witnessed the first cooperation between Chinese policy banks and the Luxembourg Stock Exchange with all parties.

Yin Jiyong said in his speech that on the information platform of LSE, ADBC displayed its first “bond connect” green financial bonds issued in the Shanghai Clearing House in 2017 to the international financial market. This is another important arrangement after the two sides signed a strategic cooperation agreement in Beijing on January 19 this year. It provided a convenient information channel for overseas investors to subscribe for ADBC domestic and overseas bonds, which will help to promote the connectivity between the Chinese bond market and international infrastructure, as well as the further opening up of China's capital market.

ADBC is the only agricultural policy bank completely owned by the Chinese government and under the direct leadership of the State Council. Since its establishment in 1994, ADBC has made promoting “comprehensive agricultural upgrading, comprehensive rural advancement, and all-round development of farmers” its strategic goal and played a leading role in serving national food security, poverty elimination, urban-rural integration and other key national strategies. ADBC has established a county-level business network covering the whole country. As of the end of 2017, the total asset of ADBC stood at RMB 6.22 trillion and total loans at RMB 4.68 trillion, registering an average annual growth rate of over 15%.

Since the first market-oriented bond issuance in 2004, ADBC has raised substantial social funds to nurture “agriculture, rural areas and farmers”. The bank has now become the third largest bond issuer in China. ADBC has cumulatively issued over 900 batches of financial bonds, raising more than RMB 7 trillion, with outstanding bonds standing at RMB 3.9 trillion. In 2012, overseas fund-raising business was launched by the bank for the first time. Up till now, ADBC has issued bonds with a total value of RMB 11 billion in the overseas market. In 2017, ADBC worked with the People's Bank of China in issuing the world's first “bond connect” financial bonds and “bond connect” green financial bonds.