|
Shanghai Clearing House
The Shanghai Clearing House (SHCH, zh, link=no, 上海清算所), formally the Inter-bank Market Clearing House Co., Ltd. ( zh, link=no, 銀行間市場清算所股份有限公司簡稱上海清算所), is a significant central counterparty and central securities depository in China, established in 2009 in Shanghai. Overview The Shanghai Clearing House was established on and was recognized as a Qualified Central Counterparty by the People's Bank of China. Its founding shareholders were China Foreign Exchange Trade System (46.7 percent), China Central Depository & Clearing (33.3 percent), China Banknote Printing and Minting Corporation (10 percent), and China Gold Coin Inc. (10 percent). It provides services in central counterparty clearing, registration and custody, risk management and valuation, statistical information, and financial knowledge dissemination. In 2018, the total clearing volume on the Shanghai Clearing House reached 4.6 million, 31 percent up on the previ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glen Line Building, Shanghai
A glen is a valley, typically one that is long and bounded by gently sloped concave sides, unlike a ravine, which is deep and bounded by steep slopes. Whittow defines it as a "Scottish term for a deep valley in the Highlands" that is "narrower than a strath".. The word is Goidelic in origin: ''gleann'' in Irish and Scottish Gaelic, ''glion'' in Manx. The designation "glen" also occurs often in place names. Etymology The word is Goidelic in origin: ''gleann'' in Irish and Scottish Gaelic, ''glion'' in Manx. In Manx, ''glan'' is also to be found meaning glen. It is cognate with Welsh ''glyn''. Examples in Northern England, such as Glenridding, Westmorland, or Glendue, near Haltwhistle, Northumberland, are thought to derive from the aforementioned Cumbric cognate, or another Brythonic equivalent. This likely underlies some examples in Southern Scotland. As the name of a river, it is thought to derive from the Irish word ''glan'' meaning clean, or the Welsh word ''gleind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Counterparty
A central clearing counterparty (CCP), also referred to as a central counterparty, is a financial institution that takes on counterparty credit risk between parties to a transaction and provides clearing and settlement services for trades in foreign exchange, securities, options, and derivative contracts. CCPs are highly regulated institutions that specialize in managing counterparty credit risk. CCPs "mutualize" (share among their members) counterparty credit risk in the markets in which they operate. A CCP reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (also called "margin deposits"), by providing independent valuation of trades and collateral, by monitoring the creditworthiness of the member firms, and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting member's collateral on deposit. CCPs require a pre-set amount of collateral — referred to as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial organization holding securities like shares In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an ..., either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. This is usually done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison, and transaction processing such as clearing an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Bank Of China
The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by the People's Bank Law and the Commercial Bank Law. It is a cabinet-level executive department of the State Council. History The bank was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. The headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. All other banks within Mainland China such as the Bank of China were either organized as divisions of the PBC or were non-deposit taking agencies. From 1952 to 1955 government shares were added to private banks to make state-pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Foreign Exchange Trade System
The China Foreign Exchange Trade System (CFETS, zh, 中國外匯交易中心), also known as National Interbank Funding Center (NIFC, zh, 全国银行间同业拆借中心), is a financial market infrastructure and electronic trading platform in China, established in 1994 under the People's Bank of China (PBoC) and established in Shanghai. It provides a major trading platform and pricing center for renminbi and foreign exchange-related products. CFETS is the trading platform of the China Interbank Bond Market (though not for the Chinese repo market, which is traded on the Shanghai Stock Exchange) and participates in China's policy of internationalization of the renminbi. It is supervised by the PBoC. Overview CFETS was created by the PBoC on , initially as the Forex Trading System ( zh, 外汇交易系统), intended to facilitate liquidity for transactions pairing the renminbi with Japanese yen, British pound, New Zealand dollar, Swiss franc, Malaysian ringgit, South A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Central Depository & Clearing
China Central Depository & Clearing Co., Ltd. ( zh, 中央国债登记结算有限责任公司), in short CCDC ( zh, 中央结算公司) or ChinaBond ( zh, 中债公司), is a central securities depository for Chinese government bonds, based in Beijing. It was set up as China Securities Trading System Co., Ltd. ( zh, 中国证券交易系统有限公司) in 1993 by People's Bank of China. It was reorganized into CCDC in 1996. It runs a national depository system of government bonds under the permission of Ministry of Finance of the People's Republic of China. See also * ChinaClear China Securities Depository and Clearing Corporation Limited ( zh, 中国证券登记结算有限责任公司), in short CSDC or ChinaClear ( zh, 中国结算), is a central securities depository of China, based in Beijing, in responsible for all s ... References Financial services companies established in 1996 Xicheng District 1996 establishments in China Government-owned companies of China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Banknote Printing And Minting Corporation
China Banknote Printing and Minting Corporation (CBPMC), () is a state-owned corporation which carries out the minting of all renminbi coins and printing of renminbi banknotes for the People's Republic of China. CBPMC uses a network of printing and engraving and minting facilities around the country to produce banknotes and coins for subsequent distribution. Banknote printing facilities are located in Beijing, Shanghai, Chengdu, Xi'an, Shijiazhuang, and Nanchang. The state-owned company, headquartered in Beijing's Xicheng District is the world's largest money printer by volume. With more than 18,000 employees, it runs more than 10 highly secure facilities for the production of banknotes and coins. Mints are located in Shanghai, Shenyang, Shenzhen, and Nanjing. The Shanghai Mint is the oldest and most important mint in China, having been founded in 1920 during the Beiyang era of the Republic of China. Shanghai, Shenyang, and Shenzhen primarily mint fiat coins for circulatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Securities And Markets Authority
The European Securities and Markets Authority (ESMA) is an independent European Union Authority located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supervisory Authorities set up within the European System of Financial Supervisors. __TOC__ Overview ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and co-operation between national competent authorities. The idea behind ESMA is to establish an "EU-wide financial markets watchdog". One of its main tasks is to regulate credit rating agencies. In 2010 credit rating agencies were criticized for the lack of transparency in their assessments and for a possible conflict of interest. At the same time, the impact of the assigned ratings became significant for companies and banks but also states. In October 2017, ESMA organised its firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options. The Commodity Exchange Act (CEA), ''et seq.'', prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. After the financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion dollar swaps market. History Futures contracts for agricultural commodities have been traded in the U.S. for more than 150 years and have been under federal regulation since the 1920s. The Grain Futures Act of 1922 set the basic authority and was changed by the Commo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CCP Global
CCP Global (CCPG) is a global body that brings together central counterparty clearing houses (CCPs) from the world's major jurisdictions. Overview CCP Global was originally formed in 2001 as an informal group named CCP12 by twelve founding CCPs, and established a permanent executive committee in 2008. In 2015, it decide to evolve into a non-profit organization that opened in Shanghai in 2017. In 2022, CCP12 relocated to Amsterdam and, given expanded membership, rebranded as CCP Global in 2023. Membership As of early 2025, the members of CCP Global were as follows. * Argentina Clearing * Australian Securities Exchange (ASX) * Bursa Malaysia * Brasil Bolsa Balçao (B3) * Cboe Clear * Cámara de Riesgo Central de Contraparte (CRCC) * CME Group * China Securities Depository and Clearing Corporation (CSDC) * Clearing Corporation of India Limited (CCIL) * ComDer Contraparte Central * Depository Trust & Clearing Corporation (DTCC) * Dubai Commodities Clearing Corpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Depository And Clearing Corporation
China Securities Depository and Clearing Corporation Limited ( zh, 中国证券登记结算有限责任公司), in short CSDC or ChinaClear ( zh, 中国结算), is a central securities depository of China, based in Beijing, in responsible for all securities depository and clearing services for Shanghai and Shenzhen Stock Exchanges. It was set up on March 30, 2001. In September 2001, Shanghai Securities Central Depository and Clearing Corporation and Shenzhen Securities Depository Corporation, two corporations which were in responsible for depository and clearing services of Shanghai Stock Exchange and Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exch ..., were merged into the CSDC. See also * ChinaBond * Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Ko ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cross-Border Interbank Payment System
The Cross-Border Interbank Payment System (CIPS) is a payment system which offers clearing and settlement services for its participants in cross-border RMB payments and trade. Backed by the People's Bank of China (PBOC), China launched the CIPS in 2015 to internationalise RMB use. CIPS also counts several foreign banks as shareholders including HSBC, Standard Chartered, the Bank of East Asia, DBS Bank, Citi, Australia and New Zealand Banking Group and BNP Paribas. In 2021, CIPS processed around 80 trillion yuan ($12.68 trillion), with about 1280 financial institutions in 103 countries and regions having connected to the system. History In 2012, the PBOC launched the construction of CIPS (phase 1). On October 8, 2015, CIPS (phase 1) was put into operation, with 19 direct participants and 176 indirect participants from 50 countries and regions all over 6 continents. The launch of CIPS was another milestone in the construction of China's financial market infrastructure, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
