Recently, the Shanghai Clearing House (SHCH) released its 2024 Evaluation Results for High-Quality Development in Central Clearing Services and, Issuance, Registration, Custody, and Settlement Services. China's Industrial Bank (CIB) was honored with 14 awards, including "Outstanding Clearing Member," "Outstanding Settlement Member," "Excellence in Interest Rate Swap Self-Clearing," and "Outstanding Custodian Institution," for its exceptional performance across multiple domains, marking its best performance in recent years.
"These awards span central clearing services, issuance, registration, custody and settlement services, and innovative services, fully demonstrating our bank's professional expertise and market leadership across sectors, as well as its robust capabilities and sustained innovation in the interbank market," stated a representative from CIB's Interbank Financial Department.
As a key national financial infrastructure supervised by the People's Bank of China, SHCH counts CIB among its first batch of comprehensive product-class clearing members. In 2024, CIB and SHCH signed a comprehensive strategic cooperation agreement. Leveraging their respective strengths, the two parties will deepen collaboration in central clearing, issuance, registration and custody services, risk management, international operations, green finance, and information technology. This partnership aims to enhance the financial market ecosystem, advance the "Five Major Topics," support Shanghai's role as an international financial hub, drive high-quality financial development, and contribute financial expertise to advancing Chinese-style modernization.
In recent years, CIB has actively participated in SHCH's dual-pillar business framework, achieving notable progress in innovative areas such as risk management, "Swap Connect," over-the-counter bonds, standardized interest rate swaps, and government financial bonds. Data shows that in 2024, CIB's cumulative central clearing business volume exceeded RMB 23 trillion (including agency services), with its interest rate swap central clearing business reaching RMB 10.61 trillion (including agency services), maintaining its position as the market leader for consecutive years.