on may 19, 2026, shanghai clearing house (shch) supported the agricultural development bank of china (adbc) in successfully conducting a tender issue of themed financial bonds dedicated to supporting the elderly care industry. the bond was issued at a size of rmb 2 billion with a 2 year tenor and an issuance rate of 1.3535%, achieving an over subscription ratio of 10.98. proceeds will be mainly used for credit lending to support the construction of county level elderly care facilities, covering key projects such as elderly care service centers, integrated medical and elderly care facilities, and comprehensive senior service centers.
this bond represents a concrete measure to implement the national strategy of actively responding to population aging formulated by the cpc central committee and the state council. it also serves as a valuable practice in implementing the guiding opinions on financial support for china style elderly care undertakings and high quality development of the silver haired economy jointly issued by the people’s bank of china and eight other ministries and commissions. it helps leverage the bond market to foster a multi-level and widely covered elderly care service system.
going forward, shch will continuously improve the quality and efficiency of financial market infrastructure services, fully support policy oriented finance in deepening engagement in inclusive elderly care and other sectors, deepen cooperation and close linkage with all market participants, jointly advance the “five major tasks” of finance, and collectively contribute to building a strong financial nation.
