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Hundsun's signing of MoC with Ipreo and potential JV
Date:2019-01-29    Source:    Browsing times:4567次

Beijing(Jan 25th), Hundsun Technologies, the leading supplier for Fintech solution in China, signed a memorandum of collaboration in New York with Ipreo by IHS Markit. Ipreo and Hundsun may form a joint venture company in China to explore joint development of electronic bookbuilding solutions for bond syndication in mainland China.


China's bond market is the world's third largest. Issue size of all kind of bonds in China exceeds RMB43trn in 2018, and full year foreign inflows to the bond market reached to about USD100bn. Via the cooperation, Hundsun will introduce Ipreo's technology and experience in electronic bookbuilding, build up a China bond market-tailored underwriting and issue net, connect Chinese investment bank and institutional investors to the global issue net, support overseas direct investment and opening of China bond market.
   
Chairman of Hundsun, Mr. Pengzhenggang said: Hundsun continues to improve development of the financial market with technology. The potential cooperation can help Hundsun expand business to the primary market, help settle current problems like information asymmetry in the process of bookbuilding and improve bond issue efficiency.

“There is a significant opportunity to introduce electronic bookbuilding solutions to the bond market in China,” said Kevin Marcus, president of Ipreo by IHS Markit.


“Working with a leader like Hundsun brings the expertise and network needed to be successful in providing new solutions to the domestic fixed income markets.”


IHS Markit is a world leader in critical information, analytics and solutions for major industries and markets. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. IHS Markit acquired Ipreo at cost of USD1.86bn from Blackstone and Goldman Sachs in August 2018.

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