On November 19, Postal Savings Bank of China (PSBC) and China Central Depository & Clearing Co. (CCDC) signed a strategic cooperation agreement in Beijing. The partnership aims to deepen comprehensive collaboration across multiple sectors and enhance financial market services to support the real economy.
The signing ceremony was attended by Zheng Guoyu, Chairman of PSBC, Xu Xueming, Vice President of PSBC, Wang Daqing, Chairman of CCDC, and Zong Jun, Deputy General Manager of CCDC. Liu Jianjun, President of PSBC, and Xu Liangdui, General Manager of CCDC, signed the agreement on behalf of their respective institutions.
Zheng Guoyu stated that PSBC and CCDC have strengthened their cooperation in recent years. He expressed willingness to further deepen collaboration in bonds, collateral, valuation, credit assets, and wealth management products, elevating their strategic partnership to new heights and contributing to high-quality development.
Wang Daqing highlighted CCDC’s role in supporting bond market operations, macroeconomic policy implementation, financial pricing benchmarks, and the opening-up of the bond market. He reviewed the history of cooperation between the two institutions and expressed commitment to expanding collaboration across various fields to chart a new development blueprint.
The signing of this comprehensive strategic cooperation agreement reflects both parties’ efforts to implement the guiding principles of the Fourth Plenary Session of the 20th CPC Central Committee and the Central Financial Work Conference. Under the agreement, the two sides will adhere to the principles of "good faith, equality, mutual benefit, long-term cooperation, and shared development," deepening all-round collaboration and exploring innovative cooperation in risk management and research initiatives. This demonstrates the commitment of financial infrastructure institutions and major state-owned banks to their mission.
Moving forward, PSBC will leverage this strategic cooperation agreement to work closely with CCDC, driving innovation and mutual benefits. Together, they will enhance services for the real economy, advance the "Five Key Areas of Finance," and provide robust support for high-quality financial development.