中央国债登记结算有限责任公司
China Central Depository & Clearing Co., Ltd.
TypeState-owned enterprise, Limited Company
Founded1996 (1996)
Headquarters10 Jinrong Street
Xicheng District
Beijing, China
Area served
China
Key people
Shui Ruqing, President
ProductsDepository and clearing for government bonds of People's Republic of China
OwnerMinistry of Finance of the People's Republic of China (100%, Representing State Council of the People's Republic of China)
Website

China Central Depository & Clearing Co., Ltd. (Chinese: 中央国债登记结算有限责任公司), in short CCDC (Chinese: 中央结算公司) or ChinaBond (Chinese: 中债公司), is a central securities depository (CSD) for Chinese government bonds, based in Beijing with a secondary headquarters in Shanghai. It was originally set up by the People's Bank of China as China Securities Trading System Co., Ltd. (Chinese: 中国证券交易系统有限公司) in 1993,[1] and reorganized into CCDC in 1996.[2] It is one of China's three dominant CSDs, together with China Securities Depository and Clearing Corporation (CSDC) and the Shanghai Clearing House (SHCH).

Overview

CCDC is a wholly state-owned central institution. It started as a centralized depository for government bonds, and has expanded into providing registration, custody and settlement services under the approval and funding of the State Council.[3]

In July 2015, CCDC established a branch in Shanghai, reorganized as a "Shanghai headquarters" in December 2017, with a mandate to develop five platforms: the RMB bond cross-border issuance center, RMB bond cross-border settlement center, ChinaBond collateral business center, ChinaBond pricing center, and Shanghai data center. In 2018, the Shanghai headquarters of CCDC facilitated the issuance of bonds in the following market segments: local government bonds (99 issues, raising RMB 482.8 billion); corporate bonds (66 issues, RMB 61.2 billion); asset-backed securities (12 issues, RMB 64.6 billion); and other financial bonds (2 issues, RMB 6 billion).[3]

CCDC runs a national depository system of government bonds under the permission of Ministry of Finance of the People's Republic of China.[4]

See also

References

  1. ↑ People's Bank of China (8 March 1993). "中国证券交易系统有限公司章程 (Articles of Association of China Securities Trading System Co., Ltd.)". Law-lib.com. Retrieved 5 February 2020.
  2. ↑ "关于中债". CCDC. Archived from the original on 2015-03-04. Retrieved 2015-01-06.
  3. 1 2 "Brief Introduction of CCDC and Its Shanghai Branch". Shanghai Municipal People's Government. 18 July 2023.
  4. ↑ Ministry of Finance, People's Republic of China (10 April 1997). "财政部关于印发《中华人民共和国国债托管管理暂行办法》的通知 (Notice of the Ministry of Finance on Printing and Distributing the Interim Measures for the Administration of Trusteeship of the National Debt of the People's Republic of China)". Ministry of Housing and Urban-Rural Development. Retrieved 5 February 2020.
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