Huaxia Bank spearheaded the issuance of the industry's first "blockchain + digital RMB" bond.

According to Odaily Planet Daily, Huaxia Bank recently led the book-building process, successfully issuing 4.5 billion yuan of financial bonds using an industry-first innovative model of "blockchain book-building + digital RMB collection." The entire issuance process was recorded on the blockchain in real time, ensuring immutability and allowing investors to check the information at any time. The raised funds were directly collected through digital RMB, eliminating multiple intermediate clearing steps. The issuer of this bond was Huaxia Financial Leasing Co., Ltd., a subsidiary of Huaxia Bank. The initial planned issuance was 3 billion yuan, with a 1.5 billion yuan over-allotment option. The over-allotment was fully triggered, resulting in a full issuance of 4.5 billion yuan, with a 3-year coupon rate of 1.84%. (The Paper)