上海清算所党委书记、董事长马贱阳出席第四届中英金融服务峰会并发言-凯发官网首页

2025年1月11日，第四届中英金融服务峰会在北京召开。上海清算所党委书记、董事长马贱阳出席会议并以“充分发挥清算和托管‘双支柱’组合拳效应，助力绿色和可持续金融发展迈上新台阶”为主题发言。

以下为英文发言实录：

it’s a great pleasure to attend today’s summit.

at present, green, low-carbon, and sustainable development has become a consensus in the international community. promoting green and sustainable finance is on the top agenda of china’s financial institutions.

as the only ccp (central counterparty) in china’s interbank market and an important csd (central securities depository) in china, under the guidance of pboc (people's bank of china), shch (shanghai clearing house) has leveraged the synergy of ccp and csd business to support the innovation and development of green and sustainable finance, and achieved significant progress.

in 2024, our central clearing volume reached over 720 trillion yuan, an increase of over 13% year-on-year. volume of newly issued bonds was about 46 trillion yuan, increasing by around 22% year-on-year. by the end of 2024, volume of outstanding bonds was over 44 trillion yuan, growing by around 30% year-on-year, in which, the outstanding volume of green bonds was over 860 billion yuan.

as the only financial infrastructure in china’s otc market that undertakes both functions of ccp and csd, shch is committed to promoting green and sustainable finance.

firstly, shch is the the promoter of china’s green finance, and participates in the formulation and improvement of relevant rules and standards.

shch has taken part in the formulation of many standards including china’s green bond principles and regulations on the management of carbon emissions trading, and has participated in the assessment of china's green bond market, in order to improve the supporting mechanism of green finance and bridge the gap of green bond standards at home and abroad.

secondly, shch is the developer of green finance products, and continues to promote innovation in green finance products.

shch has supported the first issuance of multiple green bonds, innovated the credit enhancement mechanism for green bond issuance, and created the first batch of china's green finance indices. all of these have enriched the investment tools of the green finance.

at the same time, shch has cut registration fees for green bond issuance, to create a sound environment for green finance investment and financing. over the past 3 years, we have saved nearly 70 million yuan for market participants, further energizing the green bond market through reducing costs.

thirdly, shch continues to strengthen risk management.

we have launched the ccp clearing service for carbon emission allowances forward, as well as standard bond forward with green bonds as the underlying asset, in order to promote coordinated development of spot and derivatives of green finance.

fourthly, shch is the pioneer of international cooperation in green finance, and expands cooperation with overseas institutions.

shch worked with hong kong monetary authority cmu (central money markets unit) to launch the bond connect. this is a significant milestone, providing an important channel for overseas investors to invest green bonds and other products in the domestic market.

shch also worked with luxemburg stock exchange to set up cross-border cooperation mechanism for green bonds, providing information disclosure service for green bond issuers in the domestic and global markets. the two sides have signed a mou in the presence of leaders of china and luxemburg.

looking forward, under the guidance of pboc, shch will continue to connect with the global market as a financial infrastructure and to promote the high-quality development of green finance.

firstly, shch will improve its professional services of green bond issuance and registration, enrich green bond products, enhance the efficiency of green bond issuance and pricing, and support green financing.

secondly, shch will leverage its function of ccp clearing and risk management, to include more financial assets related to green and sustainable development into ccp clearing services, and improve the liquidity and risk management capability of green bonds.

thirdly, shch will take measures to expand the application scenarios of green bonds, such as supporting green bonds for physical delivery in interest rate derivatives contracts, and taking green bonds as eligible collateral for foreign currency repo business, to activate the investment for green finance.

fourthly, shch will leverage the commodity clearing net to promote the high-level opening-up of green finance. we will continue to expand carbon clearing services, and develop cross-border rmb clearing and settlement services, in order to provide more chinese green assets for global investors, and gradually improve the internationalization level of china's green bond listing and information disclosure.

finally, we look forward to a more strengthened china-uk financial cooperation relationship, and working with uk counterparts to explore more opportunities for green and sustainable financial cooperation.

thank you!