Recently, Shanghai Clearing House released the 2023 Evaluation Results for High-Quality Development of Centralized Clearing Business and the Business of Issuance, Registration, Custody and Settlement. Industrial Bank was awarded the “Outstanding Clearing Member” and “Outstanding Settlement Member” awards for eight consecutive years. Meanwhile, it also won another seven awards, including “Outstanding Proprietary Clearing Award in Interest Rate Swaps”, “Excellent Custodian Institution”, “Excellent Issuer (Commercial Bank Financial Bonds)”, “Outstanding Underwriter” (Clearing and Issuance of Policy Financial Bonds)” and “Outstanding Green Bond Issuer (Financial Bonds)”.
Shanghai Clearing House is one of the important financial infrastructures in China, and Industrial Bank is one of its first batch of integrated clearing members under the product category. In 2023, Industrial Bank has actively participated in the development of the “Two-Pillar” business, i.e. clearing business and custody business, of Shanghai Clearing House, especially in the innovative businesses such as the “Swap Connect”, the Central Counterparty Financial Test Cases, the Centralized Bonds Borrowing and Lending, the Financial Bond Issuance, and the underwriting transactions for “Clearing and Issuance of Policy Financial Bonds”. By doing so, the Bank has greatly facilitated the Shanghai Clearing House in helping its business development and providing it with comprehensive and integrated services.
In recent years, Industrial Bank has given full play to its unique advantage of “full customer base, full market, full products and full chain” in Interbank Finance, accelerated the development of agency clearing business while expanding the proprietary clearing business, and maintained a leading position in the market in many areas such as centralized clearing for interest rate swaps, NCD issuance, and bond underwriting. According to the data, in 2023, the cumulative scale of centralized clearing business participated by Industrial Bank exceeded RMB 16 trillion (including agency clearing business), of which the scale of centralized clearing business for interest rate swaps amounted to RMB 9.18 trillion, the scale of NCD issuance amounted to RMB 1.16 trillion, and the scale of underwriting of the debt financing instruments for non-financial enterprises exceeded RMB 750 billion.