The Nasdaq Dubai Exchange in Dubai, United Arab Emirates (UAE), held a bell-ringing ceremony on Wednesday for the listing of two billion-U.S. dollar sovereign bonds issued by China's Ministry of Finance.
Zhang Yiming, Chinese Ambassador to the UAE, Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM) along with other officials and guests attended the ceremony. It also marks a milestone as the first time China has listed its sovereign bonds in the Middle East.
Of the total, the issuance of three-year bonds stood at 1.25 billion U.S. dollars in value with an interest rate of 4.284 percent, and the issuance of five-year bonds totaled 750 million U.S. dollars with a yield of 4.340 percent. So far, the total subscription amount has exceeded the issue amount by nearly 20 times.
Zhang said that through cooperation in the investment and financial fields, China-UAE pragmatic cooperation will become closer with broader prospects in the future.
"The Chinese government chose Nasdaq Dubai to issue its first sovereign bonds. I think it not only reflects the depth of cooperation between China and the UAE in the field of investment and financing, it is also important to reflect our China's active support for the efforts of Dubai and the UAE to build itself into a regional financial hub and promote the construction of orderly and open financial markets," said the ambassador.
Hamid Ali said that this listing is an important milestone in the continued cooperation between Nasdaq Dubai and international issuers
"One of the key connections that we enjoy here in Dubai is the relationship with Asia Pacific which is one of the most growing jurisdictions of the past two years," he said.
Nasdaq Dubai celebrates China's listing of 2 bln-USD sovereign bonds
A Chinese Olympic champion on Thursday has vowed to carry forward the spirit of Chinese People's Volunteers (CPV) who sacrificed their lives during the War to Resist U.S. Aggression and Aid Korea (1950-1953).
The remains of 43 CPV soldiers were returned to China on Thursday from the Republic of Korea (ROK).
A Y-20 aircraft of the Chinese Air Force carrying the remains landed at the Taoxian International Airport in Shenyang City, northeast China's Liaoning Province, and received a water salute on Thursday.
Chinese star skater and Winter Olympic champion Wu Dajing, who attended the reception ceremony at the airport, said these heroes' spirit of fearing neither hardship, fatigue nor death is very touching. Now as a coach, he will definitely carry on this noble spirit and pass it to the next generation.
"These martyrs, these heroes might not have been as old as me before they went to the battlefield. They were the most adorable young people. They fought bravely in such a harsh environment at the front, and sacrificed their lives to defend our country. So we should learn from their spirit, carry it on the competition field, pursue excellence in the face of challenges, and always determined to fear neither hardship, fatigue nor death in the competition field," said Wu.
"I want to tell them that China has prospered as you wished, and this is what we young people want to say to these martyrs. We should, together with young newcomers, carry forward and practice the martyrs' spirit in our daily life, so that we will be inspired and full of fighting spirit every day to do our own work well," he said.
The remains will be laid to rest in a martyrs' cemetery in Shenyang, capital of northeast China's Liaoning Province.
This marks the 11th repatriation of CPV martyrs' remains since the signing of a handover agreement between China and the ROK.
From 2014 to 2023, the two countries, in accordance with international laws and humanitarian principles, successfully handed over the remains of 938 CPV martyrs, along with related artifacts.
Chinese Olympic champion vows to carry forward CPV martyrs' spirit in competition, life
