China Central Depository & Clearing Co.,Ltd.(zhong yang guo zhai deng ji jie suan you xian ze ren gong si )

China national debt registration and Clearing Co., Ltd

China national debt registration and settlement Co., Ltd., a central financial enterprise, was established in 1996 and headquartered at No. 10, Financial Street, Xicheng District, Beijing, China. It is the only institution authorized by the Ministry of finance to establish and operate the National Bond Custody System. It is the bond registration, custody and settlement institution designated by the people's Bank of China in the national inter-bank bond market and the counter bookkeeping institution of commercial banks The primary trustee of treasury bond trading.

China national debt registration and settlement Co., Ltd. is a wholly state-owned financial institution that provides registration, custody, transaction and settlement services for national debt, financial bonds, enterprise bonds and other fixed income securities in the national bond market.

Background

In the early 1990s, China's bond market, led by the national debt market, entered an early stage of development. However, due to the lag of market infrastructure construction and the lack of centralized Bond Custody and unified settlement mechanism, there are some problems, such as the state credit is falsely used, the legitimate rights and interests of investors are not effectively protected, the market operation cost is high, and the financial risk is increasing, which hinder the healthy development of the national debt market.

In order to rectify the order of the national debt market, ensure the safe, efficient and low-cost operation of the market, and promote the healthy development of the bond market, the people's Bank of China and the Ministry of finance have jointly negotiated and reported to the State Council for approval. On the basis of the former China Securities Trading System Co., Ltd., the central government debt registration and Clearing Co., Ltd. (hereinafter referred to as the Central Clearing Company) has been reorganized and established to undertake the responsibility of national debt And other domestic bond unified registration, custody and settlement functions.

The Central Clearing Company is a national non bank financial institution. It was registered in the State Administration for Industry and Commerce in December 1996 with a registered capital of 5 billion yuan.

target

Continue to promote the integration of issuance, registration, custody, liquidation, settlement and cashing services, and enhance the core competence of the company;

Gradually realize the requirements of international settlement standards, and improve their business functions according to this requirement;

Effectively utilize and develop information resources, provide suitable information products for investors, and promote the improvement of market transparency;

We will build a bridge between unified and interconnected markets and promote the all-round development of China's bond market.

Company vision

Effectively undertake the national development strategy and rely on the central registration, custody and settlement,

Accelerate the company's "two transformations" and earnestly practice the development path of "diversification, collectivization and internationalization".

Management team

Shui Ruqing: Chairman and Secretary of the Party committee

Chen Gangming: general manager and Deputy Secretary of the Party committee

Bai Weiqun: Chairman of the board of supervisors and Deputy Secretary of the Party committee

Liu Baishu: Deputy General Manager and member of the Party committee

Zhou Zili: Deputy General Manager

Zhang Mengjun: Secretary of Discipline Inspection Commission and member of Party committee

Liu Fan: Deputy General Manager and member of the Party committee

Xu liangdui: Deputy General Manager and member of the Party committee

scope of business

（1） The registration, trusteeship, settlement and agency service of treasury bonds, financial bonds, enterprise bonds and other fixed income securities.

（2） Provide technical support for the open market business system and bond issuance system of the people's Bank of China.

（3） Act as the trustee of bond fund and money market fund assets and handle the registration, custody and settlement of fund units.

（4） Bond market and money market intermediary service and information service; Internet information service.

（5） Research, consultation, training and publicity of bond market and money market.

（6） Handle the custody and cross-border settlement of foreign currency fixed income securities, and organize relevant capital settlement and international business.

（7） Supervise the sub custody of bonds according to the authorization of the management department.

（8） Other businesses approved by the people's Bank of China and the Ministry of finance.

Distribution services

Through the bond issuance system and the platform of remote computer networking, the company provides all kinds of bond issuance services without field bidding. The system can meet the needs of large-scale, efficient and diversified bond issuance, and provide a solid foundation for paperless bonds. The bond issuance system can support the tender issuance of multiple securities at the same time, and has multiple functions such as additional issuance and continued issuance in the current period; the system can realize a variety of tender methods such as quantity, price, interest rate and interest margin; and support three bidding methods such as single price, multiple price and mixed price. According to the requirements of issuers, the issuance system can flexibly combine and set a variety of bidding control elements, such as price point, bidding volume and bidding continuity, to meet the diversified needs of bond issuance. In addition to bidding, the company also provides related services for bookkeeping, filing and agreement issuance.

The company's issuance, registration and trusteeship are closely linked, and its integrated operation mode is at the international advanced level.

Transaction settlement

The company's bond settlement business is constantly in line with the international settlement standards, approaching the international advanced level

Full real time settlement (RTGS)

* DVP

Transaction and settlement straight through processing (STP)

train

According to the requirements of custody settlement business and the needs of market members, the company carries out corresponding bond business training, compiles training materials, holds bond business training examinations, holds relevant bond business training courses entrusted by competent departments, and cooperates with international famous financial institutions, industry associations and universities to carry out domestic and foreign training in compliance with the requirements of innovative development of bond market. The company actively explores and develops various forms, levels and types of training products, constantly enriches the training content and improves the training quality.

information service

After years of efforts, China bond information network has gradually become a specialized information distribution platform of China bond market. The website is the designated channel for issuers to release and disclose relevant information and an important way for market participants to obtain business information in time. At the same time, the company also strives to integrate data resources and turn them into professional investment analysis products needed by investors. An information system that can meet the needs of all kinds of users is forming.

Department function

Office (Party Committee Office): office management; publicity; foreign affairs; administrative logistics; security.

R & D department: development strategy research; new business, new product R & D and rule design; Journal of bond market research and daily work of Bond Research Association.

Customer service department: customer service; settlement business monitoring and settlement order emergency handling; bond counter business

Issuance service department: bond issuance business service; open market operation service.

Trusteeship Department: trusteeship account management; bond registration, trusteeship and transfer.

Fund settlement department: handle fund settlement business, and be responsible for the management of account number, fund, accounting, system, accounting data and related systems related to fund settlement.

Bond information department: China bond data statistics, yield curve and valuation of China bond, compilation and analysis of China bond index and development of China bond information network.

System department: system integration, construction and operation support; network communication system construction management; information technology management; CA certificate management.

Software department: application software design, development and maintenance.

Financial accounting department: fund clearing and transfer of domestic and foreign bond business; agency bond; principal and interest payment; corporate financial accounting.

Audit department: internal business audit; legal affairs; Discipline Inspection and supervision.

Human resources department (Party committee work department): personnel and labor wage management; staff training; party organization.

Training department: design, development and organization of domestic and foreign training programs for market members and compilation of training materials.

Logistics management department: responsible for the company's logistics management, security, purchase, management and maintenance of fixed assets.

Memorabilia

In 1996:

The company was reorganized and established on the basis of the original China Securities Trading System Co., Ltd., with the people's Bank of China, the Ministry of Finance and nine financial institutions as the investors; the company independently developed the central bond bookkeeping system, realizing the electronic bond registration and custody and transaction settlement; under the guidance of the people's Bank of China, the company developed the bond issuance system and the open market operating system, providing a reference for the people's Bank of China The bank has set up a technical platform for its open market business, supported the people's Bank of China in issuing central bank financing bonds by means of remote quantitative bidding for the first time, participated in and completed the world bank's technical assistance projects of "China national debt custody clearing and settlement system and OTC market", "China government bond bookkeeping system design" and "China bond market risk control mechanism and information system construction", It has laid a foundation for the development of the company's business and the establishment of the market structure.

In 1997:

The central bond comprehensive business system was established in the people's Bank of China as a "national key scientific and technological project"; the Interim Measures of the people's Republic of China for the administration of National Bond Custody was promulgated, according to which the Ministry of Finance authorized the company to preside over the establishment and operation of the National Bond Custody System; the people's Bank of China's "on the cessation of stock repurchase and cash bond delivery by commercial banks in stock exchanges" Yi's notice was released. The national inter-bank bond market began to be established, and the company was designated by the people's Bank of China as the bond custody and settlement institution of the market to undertake the unified custody and settlement function of the inter-bank bond market. According to the Interim Provisions of the people's Bank of China on the management of open market business and primary dealers, the company began to undertake the bond registration, custody and settlement business of the open market business, which is an open market business According to the people's Bank of China's authorization, the company undertakes the functions of special financial bonds custody, information broadcast, unified settlement and agent mortgagee (pledgee).

In 1998:

When the bond issuance system was put into operation, China Development Bank was supported to issue 41 billion yuan of financial bonds by way of bidding in the same year, thus realizing the transition from distribution issuance to market-oriented issuance of financial bonds of policy banks

Chinese PinYin : Zhong Yang Guo Zhai Deng Ji Jie Suan You Xian Ze Ren Gong Si