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New-Generation System Cooperation Agreement Executed between CNDRS and CCB

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2018-07-27 Browse:2223

As reported, a New-Generation System Cooperation Agreement was executed between China National Debt Registration and Settlement Company Limited ("CNDRS") and Jinxin Financial Technology Company of CCB in Beijing on July 10. Shui Ruqing, the Chairman of the Board of CNDRS and Pang Xiusheng, vice president of CBB were present at the signing ceremony and gave speech. Senior executives of CNDRS, Jingke Company of CNDRS, Common Business Center, Financial Technology Development, Beijing Branch, Shanghai Branch, and Jinxin Financial Technology Company of CCB were present at the ceremony, jointly witnessing the significant moment for financial cooperation.

CNDRS is the state's important financial facilities, and plays a significant role in maintaining stable and healthy operation of bond market in China. As a well-known large-scale financial institution, CCB also bears the mission of constructing Chinese financial market. Both parties have a broad and solid foundation for cooperation. This cooperation covers a number of fields and levels in system construction, and is another active attempt to further drive performance of strategic cooperation agreement and strengthen cooperation in system construction.

Mr. Shui stated in the speech that, the strategic project for this cooperation with CCB will be a historical landmark in their business development, and provide powerful security for innovative development of Chinese financial market infrastructure in new era. The new-generation system of CCB, which has been completed now, develops a high-class IT team and forms high-value and reusable IT assets, and will be an important reference resource for the new-generation system construction of CNDRS.

Mr. Pang pointed out in the speech that, modern technology is closely integrating with economy and finance, and changing traditional finance from all aspects. Both parties' new-generation systems represent their determination to bear mission and responsibility for innovative development in new situation based on financial technology. Both parties will carry out cooperation, innovation and growth in various discipline fields of system construction, jointly facilitate stable operation and extensive opening of Chinese bond market, and make contribution to high-quality development of Chinese financial infrastructure.

Signing of this new-generation system cooperation agreement marks expansion of cooperation between both parties toward more professional and practicable fields, and more strategic cohesion and mutual benefit, and is a win-win strategy to enhance financial facility construction level in Chinese bond market, and will play a significant role in exploring for innovative development and mutual benefit and communication and in constructing modern financial technology system.