ICBC Beijing Branch successfully issued the first issue of China Development Bank’s poverty alleviation counter bond

ICBC Beijing Branch successfully issued the first issue of China Development Bank’s poverty alleviation counter bond
In order to deeply implement the spirit of General Secretary Xi Jinping’s important speech at the forum on decisive battle to overcome poverty, from April 15th to 16th, the Industrial and Commercial Bank of China Beijing Branch distributes the first phase of poverty alleviation by the National Development Bank in the counter market for personal and corporate customers.To tackle thematic bonds, the funds raised will be mainly used for the CDB to release major infrastructure, rural infrastructure and industrial poverty alleviation loans in areas of deep poverty.This issue of poverty alleviation thematic bonds is a 1-year fixed-rate interest-bearing bond with a coupon rate of 1.11%, starting at 100 yuan.In addition to the common advantages of conventional counter-country CDB bonds, such as high security, stable returns, strong liquidity, and low starting point for investment transactions, it also has positive significance for poverty alleviation by public welfare.  The party committee of ICBC Beijing Branch resolutely merged the distribution requirements of the central and head office party committees to overcome poverty alleviation, actively fulfilled the social responsibility of the capital state-owned large bank, promoted the comprehensive bond issuance work of poverty alleviation from a political perspective, and organized the entire bank to provide customers within the jurisdictionThe importance of publicizing this bond for poverty alleviation has been positively received by capital investors with a sense of social responsibility.  There are more than 1,200 enterprises and a large number of individual investors in the city subscribing to bonds through ICBC Beijing Branch. ICBC Beijing has sold bonds exceeding 1 in total.1.5 billion US dollars, accounting for nearly a quarter of the country’s sales, showing the enthusiastic support of the capital’s people, enterprises and institutions for the struggle against poverty.To encourage the public’s enthusiasm for investment, ICBC and CDB will submit subscription commemorative vouchers for investors who have subscribed for this bond and completed information registration.In the next step, ICBC Beijing Branch will continue to give full play to the positive role of financial assistance in poverty alleviation and contribute to the overall victory of the poverty alleviation battle.