On March 26th, IB and the China Foreign Exchange Trade System (National Interbank Loans Centre) signed a comprehensive strategic cooperation agreement in Shanghai. Lv Jiajin, the Party Secretary and Chairman of IB, and Huo Yingli, the Party Secretary of the China Foreign Exchange Trade System, witnessed the signing, with Zhang Ting, Deputy Governor of IB, and Cui Wei, Vice President of the China Foreign Exchange Trade System, officially executing the agreement.
Under this agreement, both parties will deepen their collaboration across various domains, including the multi-tiered interbank market system construction, infrastructure development, product and transaction mechanism innovation, digitalization and fintech cooperation, shared party building, and talent cultivation. This joint effort aims to promote the healthy growth of China’s financial market and support the nation’s aspirations to become a financial superpower.
Over recent years, IB has consistently deepened its cooperation with the China Foreign Exchange Trade System, intensifying its market-making transactions across various financial market instruments. IB is among the most crucial market makers in the currency, bond, foreign exchange, and derivatives markets. In 2023, IB was honored with 13 awards in two major categories, “Market Influence Institution of the Year” and “Market Innovation Business Institution,” by the China Foreign Exchange Trade System. These awards spanned multiple sub-categories, including bond trading, money market, derivatives trading, opening-up to foreign markets, business innovation, and automated trading.
The China Foreign Exchange Trade System, also functioning as the National Interbank Loans Centre, is an institution directly under the People’s Bank of China. It aims to establish the “global Renminbi and related products trading platform and pricing center,” providing support and services for the central bank’s monetary policy operations and macro-prudential management.