Shopping Cart
There are no more items in your cart
The bond formed part of a loan with a total value of 150 million Deutsche Marks (DM), divided into denominations of DM 1,000 and DM 10,000, carrying an annual coupon rate of 7%. The choice of the Deutsche Mark as the issuing currency highlights China’s growing integration into European financial markets during the 1980s.
Bond Specifications
- Issuer: Bank of China
- Country: People’s Republic of China
- Currency: Deutsche Mark (DM)
- Face Value: DM 10,000
- Interest Rate: 7% per annum
- Issue Date: June 1985
- Maturity Date: June 5, 1992
- Type: Bearer Bond
- Market of Issue: West Germany
- WKN: 475800
Historical Background
During the 1980s, China was undergoing profound economic transformation. After decades of relative financial isolation, the Chinese government began raising capital on international markets to support the country’s industrial and infrastructure development.
The Bank of China, one of the oldest financial institutions in China, played a crucial role in facilitating China’s access to international capital markets. Bond issues such as this one mark an important chapter in Chinese financial history and illustrate China’s return as a major participant in the global economy.
International Chinese bonds issued between 1980 and 1990 are today regarded as highly desirable historical documents among collectors specializing in Asian securities and modern international finance. Bank of China issues rank among the most sought-after securities from the early period of China’s economic opening. The history and collectability of Chinese foreign loan bonds are extensively documented in specialized literature dedicated to China Bonds.
Artistic Features
The certificate features an elegant security engraving produced by the renowned German security printer Giesecke & Devrient of Munich, internationally recognized for the production of banknotes and high-security financial documents.
Notable design elements include:
- The emblem of the People’s Republic of China at the top.
- Bilingual Chinese and English inscriptions.
- An intricate guilloché border typical of high-quality financial securities.
- The prominent “BANK OF CHINA” title at the bottom.
- The original detachable numbered coupon sheet.
Collectors’ Interest
This bond combines three highly desirable characteristics:
- Historical significance, linked to China’s economic opening.
- Exceptional aesthetic appeal, thanks to its sophisticated German security printing.
- International relevance, as a Chinese issue intended for European financial markets.
It is an excellent addition to collections focused on:
- Modern China
- International bonds
- Banking securities
- 1980s financial markets
- Asian scripophily
Certificate for collector.
An original Bank of China certificate, representing a fascinating chapter in China’s re-emergence within the global financial system and an attractive collectible from the early era of modern Chinese economic reform.
