DBS China announced that it received a bond settlement agent licence from the People's Bank of China for the China interbank bond market.

DBS is the first and only Singapore bank to be granted such licence.

Neil Ge, chief executive officer of DBS China, said, “DBS is very pleased to be the first Singapore bank to receive the bond settlement agent licence. The China bond market is the largest in Asia and the second largest in the world, and is of significant interest to international investors. Over the years, DBS has actively participated in China’s bond market, giving us in-depth experience in the space.”

“With the licence, we look forward to introducing more overseas customers to the China bond market and providing our comprehensive service to international institutional investors,” Ge added.