on march 18, 2026, ren deqi, chairman of bank of communications (bocom), and his delegation paid a visit to shanghai clearing house (shch). ma jianyang, chairman of shch, presided over the meeting. yin jiuyong, vice president of bocom, and members of shch’s leadership team based in shanghai attended the discussion.
both sides held in depth discussions on thoroughly implementing the spirits of the fourth plenary session of the 20th central committee of the communist party of china, effectively upgrading financial services for the real economy, and steadily advancing high level financial opening up and rmb internationalization. both sides agreed that, as a major state owned bank and a financial market infrastructure in shanghai that proactively fulfill their responsibilities in supporting the people’s bank of china in performing its duties and boosting the development of shanghai as an international financial center, they will further deepen cooperation in central clearing, registration and custody, yulan issuance model, carbon market development and internationalization. they will jointly advance the “five major tasks” of finance, get off to a sound start in the inaugural year of the 15th five year plan, elevate bilateral cooperation to a higher level, and jointly support the development of a strong financial nation.
bank of communications is a general clearing member of shch and has been awarded titles including “excellent clearing member” and “excellent settlement member” by shch.
