BNP Paribas China Receives Corporate Bonds License

BNP Paribas China Limited announced that it has received the Panda Corporate Bond Lead Underwriting License Type B from China’s National Association of Financial Market Institutional Investors. The license allows BNP Paribas China to act as a lead underwriter on renminbi-denominated bonds, also known as Panda Bonds, issued by foreign corporate issuers. BNP Paribas is only the third international bank to receive such a license. BNP Paribas’ presence in China dates back to 1860 when it opened its first office in Shanghai. Today, with nearly 500 staff based in China, BNP Paribas provides banking, financing and advisory services via its Corporate & Institutional Banking and international financial services.