On 26 May 2026, Bank of China (Hong Kong) Limited ("BOCHK" or the "Issuer") successfully issued Renminbi-denominated bonds in a principal amount of RMB5 billion on China's interbank bond market, with a three-year tenor and a coupon rate of 1.65% (the "Bonds"). This issuance set a new record low for the coupon rate of Panda financial bonds.

BOCHK was among the first international commercial banks to issue Panda bonds on China's interbank bond market, and the successful issuance of the Bonds will continue to contribute to the internationalization of the Renminbi.

Global Law Office served as the PRC legal counsel to BOCHK for this issuance and provided a full range of legal services. GLO's team was led by Li Zhu.