on april 13, 2026, the first plenary meeting of 2026 of the special risk management committee for financial derivatives business of shanghai clearing house (hereinafter referred to as the derivatives special committee) was successfully held. dai deyi, deputy general manager of shanghai clearing house (shch), attended the meeting and delivered a speech. xue hongli, chairperson of the derivatives special committee and director of financial markets of shanghai pudong development bank, together with more than 50 representatives from members and experts of the committee, participated in the meeting.
affiliated to the risk management committee of shch, the derivatives special committee is a professional working mechanism established by shch to enhance its strategic foresight, risk prevention capacity and professional operation level in the centralised clearing of derivatives in the inter-bank onshore and offshore currency markets. it consists of three working groups covering foreign exchange, interest rate and credit, with an initial total of 49 members. the committee aims to pool market wisdom and explore sound development strategies. by building a platform for joint participation, professional research and coordinated work between shch and market institutions, it contributes to shch’s long term vision of developing into “a major central counterparty for offshore rmb financial product transactions”.
at the opening of the meeting, chairperson xue hongli announced the official establishment of the derivatives special committee. deputy general manager dai deyi briefed participants on positive progress achieved by shch in the centralised clearing of local and foreign currency derivatives since 2025 and put forward prospects for the committee’s work. during the meeting, wang hao, co-chief macro analyst of guotai haitong securities, analysed and forecasted the current geopolitical landscape, economic cycles and global major asset classes. the person in charge of rmb & fx clearing department of shch reported on the development of foreign exchange, interest rate and credit derivatives businesses as well as future work plans. six representatives from members held in depth exchanges on difficulties and innovation opportunities in current market operations, and offered suggestions on further optimizing product functions, boosting business development and leveraging the professional strengths of working groups.
going forward, relying on the platform of the derivatives special committee, shch will continuously deepen communication and collaboration with market institutions, step up innovation in the centralised clearing of local and foreign currency derivatives, improve risk management and market services, and work with all parties to make greater contributions to the standardization, innovation and high quality development of china’s inter-bank market.
