Ping An Bank Adopts Bloomberg’s Sell-side Solutions to Advance RMB Bond Trading Service for Global Investors

Ping An Bank, a leading commercial bank in China, has adopted Bloomberg’s sell-side solutions including Trade Order Management System (TOMS) and ETOMS Market Maker (ETMM) to increase visibility of its pricing to global markets, and automate its RMB bond sales and trading workflow with offshore investors as China’s $20 trillion bond market continues to grow.
Bloomberg’s solutions enable the bank to send customized prices using predefined RUNZ sheets to different client segments, according to market movements and clients’ needs. With Ping An Bank’s dealer page {PGAN 0GO-} on the Bloomberg Terminal available to offshore investors, the bank finds communication efficiencies and productivity gains throughout the trading process.

Michael Qian, Head of Financial Markets of Ping An Bank said: “Ping An Bank is proud of our professional market-making team and leading technologies to provide continuous liquidity to the market at competitive price levels. Now, with Bloomberg’s sell-side solutions, our optimized sales and trading workflow for RMB bonds will eventually help offshore investors to act efficiently and confidently to seize the opportunity in China’s bond market with us. Its advanced and interoperable solution offers a seamless integration with our own system, which enables us to deliver robust trading experience and meet the demands of global investors.”

“Despite the challenges and volatility in the markets, foreign investors remain active in China’s bond market,” said Bing Li, Head of APAC at Bloomberg. “As Ping An Bank’s technology partner to support their internationalization strategy, we are pleased to bring greater efficiency to their workflow and connect Ping An Bank with the global investor community.”

Bloomberg TOMS provides fixed income sell-side firms the capabilities to efficiently manage inventory, risk, P&L, compliance and straight-through processing. The enterprise suite of solutions includes electronic trading tools and market connectivity to help firms synchronize their front office risk and trading with middle office, operations and enterprise applications in real time. Connected to China Foreign Exchange Trade System’s (CFETS) fixed income platform, it can also help onshore market makers generate trade ideas and manage intra-day positions, profit and loss, and risk in real time.

For more information about Bloomberg’s sell-side solutions, please click here.

About Ping An Bank
Ping An Bank is one of the top joint-stock banks in China with an asset size of RMB 4,921.38 billion and a net profit of RMB 36.3 billion in 2021. When it comes to the market-making services, Chris Hodson and Yunho Song, two Wall Street veterans, successfully integrated their international market experiences with China market insights. Ping An Bank’s high-caliber trading team, continuous pursuit of the best technology, and timely response to customers’ various trading requirements have made it one of the top dealers in China bond and derivatives market.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.
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