The Bank of Communications Xiamen Branch recently established Fujian's first China Interbank Bond Market (CIBM) custody account for a Taiwan-based financial institution in Xiamen Free Trade Zone. The Taipei Branch subsequently invested 100 million yuan ($13.87 million) in mainland bonds via the CIBM channel.
CIBM Direct represents a breakthrough in the opening up of China's capital accounts, enabling overseas institutional investors to directly submit quote requests to domestic market-makers and execute spot bond transactions. It also provides convenient functions such as trade allocation and bond repurchase agreements.
The model not only diversifies access channels for foreign institutional investors but also simplifies transaction structures and reduces trading costs.
In recent years, the Xiamen Branch has utilized Xiamen FTZ's pilot reform advantages to support the development of the Cross-Strait Integrated Development Demonstration Zone.
The branch has established in-depth business cooperation with the Taipei Branch across various domains, including cross-border loans, interbank deposits, and interbank lending. Through these initiatives, it has gained extensive experience in serving residents and enterprises in Taiwan.