Published On: Wed, Sep 11th, 2013

Tullett Prebon Information Offers Innovative Chinese Bond Pricing Service

Frank Desmond, Managing Director, Tullett Prebon

Frank Desmond, Managing Director, Tullett Prebon

Global financial data vendor provides unique insight into 4th largest bond market London and Shanghai 9th September 2013: Tullett Prebon Information, a leading provider of independent, real-time price information from the global OTC financial and commodity markets, now offers a comprehensive pricing service for Chinese Bonds. Tullett Prebon Information’s Chinese Bond Service delivers unique insight into the world’s 4th largest debt market, providing the financial community with accurate, independent and relevant pricing information.

The comprehensive service comprises pricing data across the liquid interbank bond market. Instruments covered include Government Bonds, PBOC Bills, Corporate Commercial Paper and Medium Term Notes, Policy Bank Bonds and Notes, and Enterprise Bonds. Tullett Prebon Information, part of Tullett Prebon, one of the world’s largest inter-dealer brokers, sources the data from TP Sitico, a joint venture established between Tullett Prebon, and Shanghai International Trust Co., Ltd, a member of state-owned enterprise Shanghai International Group.
Commenting on the new service, Frank Desmond, Managing Director, Tullett Prebon Information, said: “The rapid growth of the Chinese bond market is driving demand for ever higher standards of transparency and independence. With a value outstanding of CNY 22.6 tn (USD 3.77 tn)[1], it is now one of the largest bond markets in the world. Further growth is expected,particularly in relation to corporate bonds, and as the market evolves access will be enabled by niche, sophisticated data. This is exactly what our new service is designed to provide.”

Andrew Reeve, Head of Asia at Tullett Prebon Information, adds: “As the Chinese market opens up and becomes more important to financial organisations the world over, the need for independent pricing and valuation information for Government and Corporate Bonds will only increase. The liberalisation of the Renminbi, and its rise as a potential reserve currency, are also likely to drive increased foreign investment in the future. By acting now, we are providing our global customers with the means to capitalise on this growth while addressing regulatory and risk management requirements.” Commenting further, Donald Choi, General Manager of TP Sitico China, said: “The launch of the Chinese Bond service provides a must-have tool for those who need to know what is going on within China’s financial markets. China has seen corporate debt increase rapidly in recent years, and we expect the Government to continue to encourage the growth of the domestic bond market as a means of diversifying credit risk away from the banking system. A more transparent market will better reflect the true credit position of Chinese corporates, supporting this process.”

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