on january 26, 2026, shanghai clearing house (shch) held the plenary session of its 2025 risk management committee. ma jianyang, chairman of shch and chair of the risk management committee, attended the meeting and delivered a speech. xu zaiyue, general manager of shch, dai deyi and huang ning, deputy general managers, together with heads of relevant departments, attended as 12 internal committee members. guo yong, secretary of the commission for discipline inspection, was present as a nonvoting participant. fourteen external experts, including academic and marketbased expert committee members and representatives of general clearing members, were invited to the meeting.

 

chairman ma jianyang outlined the major achievements of shch since 2025 in advancing highquality work centering on its functional positioning of supporting the people’s bank of china in fulfilling its duties and boosting the development of shanghai as an international financial center. he stressed that current work should be carried out closely around the main theme of “preventing risks, strengthening regulation and promoting highquality development”, balancing development and security, and firmly forestalling systemic financial risks. he called for giving full play to the three core functions of the risk management committee, enhancing coordination between academia and industry, pooling industry wide expertise, and contributing to the steady operation and high quality development of the financial market.

 

the meeting heard reports from shch on improving its risk management system and analyzing operational risks of overseas clearing members, and reviewed and approved the proposal to establish special risk management committees for financial derivatives businesses and bulk commodity centralised clearing businesses. participating experts held in depth discussions on relevant topics and offered suggestions on boosting shch’s business development, fully assessing operational risks of overseas clearing members, and solidly advancing the development of special committees.

 

going forward, targeting the development of a safe and efficient financial market infrastructure, shch will give full play to the role of the risk management committee and its subordinate special committees, work with all parties to build a resilient, dynamic financial market with depth and breadth, and empower the development of a strong financial nation.