On January 9, 2017, System Unveiling Ceremony of Beijing Municipal Depository and Settlement Co., Ltd, which is jointly invested and founded by China Beijing Equity Exchange and other 12 Beijing-based entities, was grandly held. Heads or representatives of Beijing Municipal Bureau of Financial Work, Beijing Factor Market Association, Beijing-based major trading venues, banks, China UnionPay and other institutions attended the ceremony. According to the speech made by Li Zhigang (Deputy Director of Beijing Municipal Bureau of Financial Work), Beijing Municipal Depository and Settlement Co., Ltd is not only an important vehicle to carry out long-acting supervision and administration for citywide trading venues, but also back-office pivot to guarantee safe and efficient operation of trading venues. It is necessary to continuously improve operation and maintenance of this platform, and promote Beijing factor market system to enjoy standardized and sound development.
With approval of the competent authorities of Beijing Municipal Government, Beijing Municipal Depository and Settlement Co., Ltd was formally established on May 26, 2016. It is mainly committed to construction and operation of centralized depository and settlement platform at citywide level. Up to now, Beijing Municipal Depository and Settlement Co., Ltd has signed strategic cooperation agreements with 27 trading venues, and has established channel relations with 17 banks. Developed by itself, trading data networked direct reporting system has been connected with all trading venues across Beijing, while settlement system has been fully linked with all related systems of China Beijing Equity Exchange.