Briefly

StanChart strikes first T-bond futures deal

Standard Chartered Bank (China) Ltd announced on Wednesday that with permission from relevant regulatory authorities, the lender has completed its first treasury bond futures transaction through accounts opened at a futures company. It thus became the first foreign bank to participate in the trading of treasury bond futures in China. The opening-up of China's treasury bond futures market will further improve the benchmark interest rate curve of treasury bonds, enable domestic and foreign investors to better participate in the domestic bond market, and promote the continuous opening of China's bond market and the internationalization of the renminbi, said Standard Chartered China.

Shenzhen hits record container throughput

In 2022, Shenzhen port in South China's Guangdong province handled more than 30 million 20-foot equivalent units of containers, up 4.39 percent year-on-year, a record high, said the local transportation bureau. Last year, the port took multiple measures to improve its transfer and rail-sea intermodal transportation efficiency and to expand coverage of the combined port system and inland port system in the Guangdong-Hong Kong-Macao Greater Bay Area.

Railway cargo delivery up 4.7% last year

China's railway cargo delivery volume reached 3.9 billion metric tons in 2022, up 4.7 percent year-on-year, according to the national railway operator. Railway cargo services raked in 478.6 billion yuan ($69.23 billion) last year, rising 9.8 percent over 2021, data from the China State Railway Group Co Ltd showed. China saw some 4,100 km of new railway lines put into operation in 2022, and more than half of them were high-speed railways. This year, the national railway operator expects passenger trips to climb more than 67 percent from that of 2022, and estimates that overall transportation revenue will generally rebound to the level before the COVID-19 pandemic.

Xinhua - China Daily