On August 16, 2019, Bank of Communications Limited (601328, 03328.HK) ("BoCom") issued 2019 Secondary Capital Bonds on the national inter-bank bond market. With an issuance scale of RMB 40 billion, it is divided into two varieties: the 10-year fixed-rate variety has an issuance scale of RMB 30 billion, with a coupon rate of 4.10%, and the 15-year fixed-rate variety has an issuance scale of RMB 10 billion, with a coupon rate of 4.49%.

Founded in 1908, BoCom is one of the most established banks in China and one of the note-issuing banks in the modern history of China. It is the first national state-owned commercial bank in China. BoCom was listed on the Hong Kong Stock Exchange in June 2005 and listed on the Shanghai Stock Exchange in May 2007. AS of 2018 BoCom has been in the Fortune Global 500 list for ten years, ranking 168th in terms of operating income in 2018; BoCom ranked No. 11 among the world's top 1,000 banks in terms of Tier 1 Capital by The Banker.

DeHeng provides long-term legal services for BoCom. As the issuer's Chinese legal counsel in this project, DeHeng formed a project team headed by the partner Yuan Lina, supported by attorneys Hu Xiaofeng and Hu Tongting. The team provided legal service for the entire process of this project and demonstrated DeHeng's professionalism and efficiency in providing legal services in the capital market as well as banking sectors.