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2026-05-25 12:39:19
[First National Credit Derivative Contract Linked to Blue Bonds Launched in Shandong] Recently, under the guidance and promotion of the Shandong Branch of the People's Bank of China, Shandong Province successfully launched a credit derivative contract linked to blue bonds. This is the first credit risk mitigation contract (CRMA) in China with blue bonds as the underlying asset. Specifically, Shanghai Pudong Development Bank and Shenwan Hongyuan Securities entered into a credit risk protection transaction with the blue bond "G26 Xineng 1" issued by Shandong Energy Group New Energy Group Co., Ltd. as the underlying asset. The transaction size was 30 million yuan, and the Shanghai Clearing House provided clearing services. This model effectively mitigates the credit risk for investors in blue bond allocations by utilizing financial derivatives. While enhancing market investment confidence, it also helps to further reduce the financing costs of marine economic entities in Shandong Province and effectively guides financial resources to the blue economy sector. (Shanghai Clearing House)
