Shui Ruqing: President’s Statement

Finance is at the center of modern economy. Financial infrastructure is not only the precondition for the operation of financial markets but also holds the key to financial stability. As a core national financial infrastructure, China Central Depository & Clearing Co., Ltd. (CCDC) has always been faithfully fulfilling its duties since inception, with serving the market and regulatory purposes as its mission. It has also played an active role in the construction of the national interbank bond market, making fundamental and pioneering contributions of landmark significance to the development of the Chinese bond market.

In 2016, led by regulatory authorities and supported by market participants, CCDC has been adapting to the new normal and seeking new breakthroughs.With the united efforts of all CCDC staff members, the company has achieved stable and healthy development, made progress in its reforms and demonstrated steady and improved corporate performance. On the one hand, the company has further consolidated its advantageous position as the core infrastructure platform of the bond market. At present, CCDC is leading other Chinese CSDs in terms of registered financial asset varieties, value of deposited bonds and bond settlement amount. On the other hand, the company advances innovative ideas, keeps forging ahead, and has harvested desirable results in every aspect of its business, as it pursues the “Two Transformations”, including transforming from the registry and depository of only bond to a full range of financial assets and from serving only the inter-bank bond market to multiple financial markets, as well as the development strategy of “Diversification, Conglomeration and Internationalization”. As of the end of 2016, the value of financial assets, including bond, wealth management product, trust product and credit asset, has exceeded 72 trillion RMB, among which 3.5 billion represents bonds currently under CCDC’s depository, accounting for nearly 80% of the market’s total.

In spite of past successes, future prosperity still requires unremitting efforts. CCDC is about to celebrate its 20th anniversary in 2016, a year that marks the beginning of the 13th Five-Year Plan and a crucial point for China’s economic transformation and upgrading. Standing at the new starting line, the company is confronted with new situation, new tasks and new requirements. Therefore, we must think and act strategically and address development with new ideas and concept.We will pursue transformations as we constantly improve our capabilities to serve the bond market, thereby approaching the goal of “Diversification, Conglomeration and Internationalization” in a steady and comprehensive manner and ushering in a new era for financial market infrastructures.


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