Frankfurt
03 March 2017
Reporter: Stephanie Palmer
CCDC and Clearstream partner for CIBM access
Clearstream is partnering with the China Central Depository and Clearing Company (CCDC) to help support settlement and custody for overseas investors into the Chinese Interbank Bond Market (CIBM).

CCDC is a CSD for Chinese onshore fixed-income. The partnership is intended to combine the local nature of CCDC with Clearstream’s experience in servicing overseas clients, while respecting China’s regulatory frameworks and institutional arrangements.

It is intended to further facilitate entrance to the CIBM for overseas investors.

Shui Ruqing, chairman of CCDC, said: “We see this cooperation as an opportunity for both institutions to provide better cross-border depository and settlement services for renminbi (RMB) fixed-income products based on their respective platforms.”

Clearstream chairman Jeffrey Tessler added: “The Chinese market has always been at the centre of Clearstream’s Asia strategy, and Clearstream has been watching the development of CIBM and RMB financial asset-related services with great enthusiasm.”

In February 2016, the CIBM relaxed its rules and opened up to qualified overseas investors. So far, more than 430 overseas investors have entered the market and opened accounts with CCDC.

These CCDC accounts currently hold around RMB 800 billion (USD 116.5 billion) in bond assets, about 90 percent of the total bond holdings of overseas investors in CIBM.

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Deutsche Bank plans new HQ in London
27 March 2017 | London | Reporter: Mark Dugdale
Deutsche Bank has signalled its commitment to staying in the UK post-Brexit by entering into negotiations over a new headquarters in London
R3 gains first state-level regulator
24 March 2017 | Illinois | Reporter: Katherine Brown
The Illinois Department of Financial and Professional Regulation has become the first state-level regulator to join R3’s distributed ledger group
Amundi clears swaps through CDSClear
23 March 2017 | London | Reporter: Mark Dugdale
The asset manager accessed CDSClear via its clearing broker BNP Paribas, taking the service to 13 active members
ESG key for millennial investors
22 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Millennial investors find environmental, social and governance factors to be important, but their return expectations are unrealistic
UK pension funds embrace alternatives
22 March 2017 | London | Reporter: Drew Nicol
UK public sector pension funds are jostling to expand their alternatives exposure as a way to diversify their portfolios
ESG changing the face of asset management
21 March 2017 | Luxembourg | Reporter: Stephanie Palmer
The role of the asset manager is evolving as a more challenging regulatory environment and changing demographics bring environmental, social and governance issues to the fore
Brexit poses threat to CMU success, says Clearstream
16 March 2017 | Frankfurt | Reporter: Drew Nicol
Strained political relations in the EU has put the harmonisation efforts of Europe’s financial markets, such as the European Central Bank’s T2S settlement platform, under “severe stress”, according to Clearstream
More Industry news