CCDC opens Shanghai headquarters

Updated 2017-12-05 14:02:56 Xinhua

China Central Depository & Clearing (CCDC), which serves the national financial market by providing central registration, depository and settlement services, opened a new headquarters in Shanghai Monday.

Five of CCDC's core services -- the cross-border RMB bond issuance center, the cross-border RMB bond settlement center, CCDC Collateral Management Service Center, ChinaBond Pricing Center, and the Shanghai Data Service Center -- have been connected to the Shanghai headquarters to support making the city an international financial hub.

Together with the Beijing headquarters, the Shanghai head office will issue bonds to global investors, strengthen the connection between onshore and offshore markets, and serve the Belt and Road Initiative.

On Monday, the CCDC Collateral Management Service Center was also set up; and ChinaBond Pricing Center, a CCDC subsidiary, released the Shanghai Key Yield (SKY) curve.

SKY is derived from the ChinaBond Government Bond Yield Curve, and will have bond with maturities of 3 months, 1 year, 3 years, 5 years, 7 years and 10 years. It will be updated by the center each trading day in the interbank market.

As of 2016, the total value of financial assets under the depository of the CCDC had reached 91.9 trillion yuan (13.9 trillion U.S. dollars), up 19 trillion yuan year on year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 16 2018 04:08:13

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 16 2018 04:08:13

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 16 2018 04:08:13

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords