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CCDC and BOC Signed a Comprehensive Strategic Cooperation Agreement

On 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 outcomes.

Chen 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.

    Publish on :11/02/2017 15:51
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