Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
DBS Group, Singapore’s largest bank by assets and Southeast Asia’s biggest financial institution, announced that its China subsidiary has received a principal underwriting licence for non-financial corporate bonds in China’s interbank bond market. The approval was granted by the National Association of Financial Market Institutional Investors (NAFMII), a key regulatory body overseeing the country’s debt market.
The new licence allows DBS China to act as a lead underwriter for onshore corporate bond issuances. In this role, the bank can coordinate syndicates, structure deals, and manage the issuance process for corporate bonds sold within China’s interbank market. The approval significantly expands DBS’s presence in China’s fixed-income market and strengthens its role in facilitating cross-border capital flows.
DBS highlighted that it has already been a major participant in the panda bond market. Panda bonds are yuan-denominated bonds issued in China’s domestic market by foreign companies or institutions. In 2025, DBS China ranked among the most active foreign banks in this segment, capturing about 38% market share after participating in bond issuances totaling 65.8 billion yuan (approximately $9.54 billion).
The bank also emphasized its unique position among Singapore-based financial institutions. DBS said it is currently the first and only Singapore-headquartered bank authorized to lead underwrite all corporate bonds issued in China’s interbank bond market. This milestone further strengthens DBS’s reputation as a key international player in China’s rapidly expanding bond sector.
According to DBS, the panda bond market has grown rapidly in recent years. Issuance in China’s interbank bond market increased at a compound annual growth rate of 26% over the past five years. Total panda bond issuance rose from 54.5 billion yuan in 2020 to 173.3 billion yuan in 2025, based on data from Wind Information.
In addition to its underwriting licence, DBS also achieved another milestone in 2025 when it became the first Singapore bank appointed as a renminbi clearing bank. The designation allows DBS to facilitate yuan settlements and strengthen financial connectivity between China and global markets, further reinforcing its strategic role in Asian capital markets.
