Shanghai Clearing House

Bank of China Interbank Market Clearing House Co., Ltd. is a systemically important financial market infrastructure approved by the People's Bank of China (PBOC) and under its administration. It is a qualified central counterparty (CCP) recognized by the PBOC. The company was established in Shanghai on November 28, 2009, with the registered trademark 'Shanghai Clearing House' and the English name 'Shanghai Clearing House'.
Shanghai Clearing House aims to build a 'standardized, market-oriented, and internationalized' clearing service institution, actively fulfilling the essential requirements of preventing systemic risks in the financial market and serving the real economy through financial services. It has now established a central counterparty clearing service system for China's over-the-counter (OTC) financial markets, including central counterparty clearing for bonds, interest rates, foreign exchange and exchange rates, and commodity derivatives. Additionally, it has built a national registration, depository, and settlement center for corporate credit bonds, serving innovative financial products such as corporate credit bonds, financial bonds, money market instruments, and structured products. It publishes daily valuations for over 24,000 fixed-income products across 12 categories and 26 yield curves.
Shanghai Clearing House actively promotes connectivity in the international financial market. In March 2017, in response to the policy outcomes of the 8th China-UK Economic and Financial Dialogue, it established a liaison office in London. In July of the same year, it cooperated with the Hong Kong Monetary Authority (CMU) to launch the 'Bond Connect' program. In February 2018, it launched central counterparty clearing for cross-border spot foreign exchange transactions.
Shanghai Clearing Information Technology Co., Ltd., a wholly-owned subsidiary established by Shanghai Clearing House in December 2014, is dedicated to providing computer system software development, system integration, cloud platform services, business information consulting, and data processing services to interbank market participants. Since its inception, the company has established mature R&D management and quality control systems, forming a multi-dimensional system development product line covering central counterparty clearing for various fields, including interbank market financial derivatives, commodity financial derivatives, interbank bond and spot foreign exchange products, as well as issuance, depository, and settlement for corporate credit bonds and innovative financial products.
The company adheres to a 'people-oriented' talent philosophy, providing employees with a good office environment, a humane working atmosphere, and personalized customized training programs, striving to build an all-round, interdisciplinary, and specialized financial and computer talent team.