CCDC and BOC Signed a Comprehensive Strategic Cooperation Agreement
November 1, 2017, China Central Depository and Clearing Co., Ltd.
("CCDC") and Bank of China Co., Ltd. ("BOC") held a signing
ceremony of a comprehensive strategic cooperation agreement in Beijing. CCDC
Chairman Shui Ruqing, President Chen Gangming, Supervisor Bai Weiqun, Vice
President Liu Fan, BOC Chairman Chen Siqing and Vice President Gao Yingxin
attended and witnessed the ceremony.
Chairman Shui Ruqing gave a brief introduction to
the development of CCDC and its service with BOC. He noted that CCDC has been
continuously improving its services supporting the business development of BOC
in the financial market. The
comprehensive strategic cooperation agreement signed marks a new phase in the
cooperation between the two sides and he hoped both sides will continue to enrich
the contents of the "comprehensive strategic cooperation" to deepen
the cooperation, consolidate a closer relations and secure more beneficial
Siqing, Chairman of Bank of China, expressed his warm welcome to CCDC executives
and his congratulation on the achievements of CCDC in recent years. He thanked
CCDC for his long-standing support of BOC and expressed the commitment that Bank
of China will continue to support the business innovation of CCDC. The
development of China's financial market and the deepening of reforms
highlighted the fundamental role of the CCDC, while the "Diversification, Conglomeration
and Internationalization" development strategy of CCDC is highly
compatible with the Bank of China's global development strategy, which allows
an ample room for cooperation between the two parties. The signing of the comprehensive
strategic cooperation agreement will further consolidate and deepen the
long-term, mutually beneficial and win-win cooperation between the two sides.
Under the agreement, based on "good faith,
equality and mutual benefit, long-term cooperation and common development"
principle, the two sides will deepen cooperation,
strengthen communications between respective branches, jointly promote the product
innovations in the bond market and the internationalization of China bond
market, actively participate in the financial reform of the FTZ and the
building of the international financial center, and achieve more win-win outcomes.