1997: the central bond integrated business system was established in China people's bank as a "national key scientific and technological research project"; The Interim Measures for the Custody of People's Republic of China (PRC) National Debt was promulgated. According to this method, the Ministry of Finance authorized our company to establish and operate the national treasury bond custody system. The People's Bank of China issued the Notice on Commercial Banks Stopping Stock Repurchase and Cash Trading in Stock Exchanges. The national inter-bank bond market began to be established, and the company was designated as the bond custody and settlement institution of the market by the People's Bank of China to undertake the unified custody and settlement function of the inter-bank bond market; According to the Interim Provisions of the People's Bank of China on the Management of Open Market Business and Primary Dealers, the company began to undertake the bond registration, custody and settlement business of open market business, providing corresponding technical platform and business support for open market business; The People's Bank of China promulgated the Measures for Custody and Repurchase of Special Financial Bonds. Authorized by the People's Bank of China, the Company undertakes the functions of special financial bonds custody, information dissemination, unified settlement and mortgagee (pledgee).
1998: bond issuance system put into production. In that year, China Development Bank was supported to issue 410 billion yuan of financial bonds by tender, which realized a historic change from purchase-oriented issuance to market-oriented issuance. The completion and opening of China Bond Information Network has become the market information disclosure platform designated by the competent authorities, which has promoted the improvement of market transparency; Complete the handover of physical bonds between Shanghai Stock Exchange and Shenzhen Stock Exchange, and realize the unified management of physical bonds; Corporate bonds began to be issued by bookkeeping. With the consent of the People's Bank of China, the Company exercised the function of general custodian of corporate bonds and began to provide custody services for central corporate bonds and other corporate bonds.
1999: the central bond integrated business system was completed and put into operation, which improved the infrastructure of the inter-bank bond market; The Company has formulated the Rules for Settlement of Inter-bank Bond Transactions (Trial) and the Emergency Rules for Settlement of Inter-bank Bond Transactions; The Ministry of Finance successfully issued book-entry treasury bonds in the inter-bank bond market through the bond issuance system, and thus began to issue treasury bonds in different places by means of remote bidding.
In 2000, the company was transformed into a wholly state-owned financial institution. The main person in charge of the company was managed by the Central Financial Working Committee, the business was managed by the People's Bank of China and the Ministry of Finance, and the finance was supervised by the Ministry of Finance. The People's Bank of China promulgated the Measures for the Administration of Bond Trading in the National Inter-bank Bond Market, and our company was designated as the bond registration, custody and settlement institution in this market. According to this method, the company and China Foreign Exchange Trading Center organized the members of the national inter-bank bond market to sign the Master Agreement on Bond Repurchase, which made a new step in market standardization. The People's Bank of China issued the Notice on Issues Related to Offering Bond Settlement Agency Business, and the company made a lot of technical preparations for the settlement agency business, providing a convenient channel for small financial institutions and non-financial institutions such as rural credit cooperatives to participate in the inter-bank bond market.
200 1: the party Committee of the company was established, directly under the leadership of the Central Financial Working Committee; According to the requirements of the Notice of the People's Bank of China on Relevant Matters Concerning the Unified Calculation Method of Bond Yield and the Notice of the People's Bank of China, the Ministry of Finance and the China Securities Regulatory Commission on Relevant Matters Concerning the Implementation of Net Bond Trading, the relevant technical transformation of the central bond integrated business system was completed; Formulate operating rules for bond auction (for Trial Implementation); The end of the management business of physical treasury bonds has successfully completed the custody of the last batch of physical treasury bonds in Chinese history.
In 2002, the qualification of financial institutions to enter the national inter-bank bond market was changed from the examination and approval system to the filing system, and the number of institutional investors opening accounts in the company increased rapidly, and the company increased its training and services; The business processing system of the treasury bond counter trading center of commercial banks was put into operation, and a two-level custody system with China characteristics was initially formed. As a first-class custodian, the company has played an important role in service and supervision. The voice check system of customer accounts has been built and used, providing investors with a channel for self-protection; The Central Bond Integrated Business System (Phase II) passed the expert appraisal organized by the Payment Science and Technology Department of the People's Bank of China and won the "First Prize of Bank Science and Technology Development".
2003: Successfully issued US dollar bonds in the inter-bank bond market in cooperation with China Development Bank; Improve the bond issuance system, support the Ministry of Finance to issue bonds across the inter-bank bond market and the exchange bond market, and promote the unification of the primary bond market; Cancel the corporate bond custody certificate, realize the electronic custody of corporate bonds, and connect with the counter trading system of eight corporate bond lead underwriters; Successfully carried out the switching drill of disaster recovery centers in different places, which verified the business support ability of disaster recovery systems in different places and the company's system security level; In order to meet the needs of the development of China bond market, China bond index and China bond yield curve are compiled. China Banking Regulatory Commission was established, and the leading group of the company was managed by the Party Committee of China Banking Regulatory Commission.
In 2004, the third phase of the central bond integrated business system was successfully upgraded and put into production, and the functions and technical level of the company's business system were further improved and upgraded; The central bond integrated business system is networked with the large payment system of the People's Bank of China to realize the settlement of bond transactions of commercial banks. This is an important measure for the infrastructure construction of China's financial market, which indicates that the company's settlement business has taken another step towards international standards; According to the Regulations of China People's Bank on the Management of Bond Buyout Repurchase in the National Inter-bank Bond Market, the settlement of bond buyout repurchase business and the management services of margin financing and securities lending were launched; Assisting China Bank to successfully issue the subordinated debt of the first domestic commercial bank in the inter-bank bond market, and commercial banks have a new way to enrich their secondary capital; The successful issuance of the first domestic electronic bookkeeping voucher-type treasury bonds through the treasury bond counter business system of commercial banks and the Ministry of Finance is a beneficial attempt for China to issue non-negotiable treasury bonds to individuals by electronic bookkeeping in the future. Cooperate with the Ministry of Finance to carry out innovative exploration of treasury cash management methods and pay part of the national debt in advance; Signed a cooperation agreement with the Hong Kong Monetary Authority on bond settlement business, which realized the one-way communication between the company's central bond integrated business system and the Hong Kong Monetary Authority's central settlement system, and provided a safe and low-cost settlement channel for mainland financial institutions with foreign exchange management authority to participate in the investment in the Hong Kong dollar bond market.
In 2005, the central bond comprehensive system was connected with the bond transaction quotation system of the National Interbank Funding Center, and the straight-through processing (STP) of bond transaction settlement was initially realized; The central bond integrated business system (Phase III) passed the expert appraisal organized by the Science and Technology Department of the People's Bank of China; After a series of business and technical preparations, we successfully launched new varieties such as bond forward trading, short-term financing bonds, asset-backed bonds and panda bonds in cooperation with the market; The company signed a Customer Service Agreement with networked customers, which clarified the rights and obligations of both parties and improved the standardization of custody settlement services; Signed a memorandum of understanding with Mingxun Bank, and reached cooperation intentions in training, research and development, and cross-border settlement business.
In 2006, 10 anniversary celebration was held in the Great Hall of the People. Leaders from China Banking Regulatory Commission, People's Bank of China, China Securities Regulatory Commission, China Insurance Regulatory Commission, Ministry of Finance and relevant financial institutions at home and abroad attended the ceremony. Carry out the pledge amount management business of small payment system and the automatic pledge financing business of large payment system, and cooperate with the formulation of management measures and rules and regulations for related businesses. According to the regulations of the Ministry of Finance and the People's Bank of China, the business systems of "time deposit of commercial banks" and "treasury bond repurchase" were designed, developed and launched, which strongly supported the market-oriented operation of treasury cash management. Carry out bilateral bond lending business.
Savings bonds's (electronic) counter business system was officially put into operation, which further broadened the bond investment channels for individual investors. The yield curve and valuation of China Bond have been upgraded and started to enter the commercial field. The customer telephone service platform has been built, and the customer information knowledge base and customer demand quick feedback mechanism have been established. We launched bond valuation services and data download channel services to further facilitate customers' business operations. The intelligent statistical system is online, providing timely and accurate statistical analysis data of various bonds for competent departments and market members. Organize the signing of customer service agreements for Class C clearing members and service agreements for bond issuance, registration and agency payment. Successfully organized the switching operation of the remote disaster recovery system of the bond integrated business system, which improved the security level of the system and the ability to deal with emergencies such as disasters. Signed a Memorandum of Understanding on Cooperation with National Securities Registration Corporation, American Securities and Financial Markets Association, Asian Securities and Financial Markets Association and Canadian Securities Association.
In 2007, the company supported the issuance of 65,438+0.55 trillion special treasury bonds through the issuance system, open market trading system and other business platforms, effectively cooperating with the coordinated implementation of the national fiscal policy and monetary policy. "2007 China Railway Construction Bond" was successfully issued through the bond issuance system, becoming the first corporate bond issued by tender in the inter-bank bond market. The yield curve of China Bond is designated by CBRC as the benchmark for asset valuation and risk management of commercial banks, as the valuation and pricing standard for all inter-bank bonds held by securities funds, and as the benchmark for dynamic solvency stress testing of insurance companies. Launch a daily mark-to-market service for collateral. Introduce location index and custom index. The English version of the website of China Bond Information Network has been launched, and its click rate is at the leading level among similar websites in China. Study and formulate the emergency plan for the comprehensive business system of central bonds to improve the pre-disposal ability and emergency efficiency of emergencies. Further improve the disaster backup system, and successfully switch the disaster backup operation of the counter business system in different places. The information product quality inspection and analysis system was launched, and the China Bond Price Index Product Quality Inspection Report was released to the market every year, further improving the bond price index product system in China. The data dictionary of central government bonds and ISIN data management system were successfully put into operation.
We launched the China Bond Composite Index, taking the whole bond market as a sample. Signed a cross-border settlement business cooperation agreement with Mingxun Bank, providing a convenient way for domestic qualified financial institutions to participate in international bond markets investment. Signed a memorandum of understanding on cooperation with the European Bank for Settlement.
2008: DVP settlement business of non-bank financial institutions started. The electronic encryption system of China Bond has been put into operation, which has improved the encryption management mode. The operation of fund account management system provides strong business and technical support for capital settlement and bond settlement, especially DVP settlement business. The annual bond transaction settlement exceeded 1000 billion yuan. According to the safety evaluation center of the Ministry of Public Security, the central bond bookkeeping system, bond issuance system, China People's Bank's open market business support system and automatic pledge financing system of our company are Grade III, while the small pledge quota management system and bond counter business center system are Grade II, and the system safety level protection is filed with the Ministry of Public Security. For the first time, the issuance system supports the successful tender issuance of short-term financing bonds and medium-term notes, and has become an issuance business platform covering a variety of bond varieties in the interbank market. China Bond Information Network has been completely transformed and put into operation. Cooperate with the People's Daily News Information Center to publish the monthly China Bond. "China Bond Price Index Product" was listed as an optional course for the follow-up training of securities practitioners by China Securities Association. Bond Custody and Settlement Business and National Training Textbooks for Bond Practitioners (3 volumes) won the first prize of "Teaching Materials" in the "Outstanding Scientific Research Achievements in 2006-2007" selection activity organized by China Staff Education and Vocational Training Association.
In 2009, Liu Qi, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of Beijing Municipal Committee, and his party visited our company. The company is required to promote the healthy development of the national bond market in accordance with the modern financial enterprise system, strive to play the basic function of unified custody and settlement of bonds, actively participate in financial market innovation, and solidly and steadily promote its rapid development. China Banking Regulatory Commission and China Securities Regulatory Commission officially issued a document to clarify that during the pilot work of listed commercial banks entering the exchange, our company is the backstage and responsible for the registration, custody and settlement of bond transactions of listed commercial banks in the exchange. The company participated in the inter-bank market clearing house Co., Ltd. to complete the transformation of the counter center system and the networking of 40 pilot banks in savings bonds. Build a unified voice query platform.
425 non-bank institutions signed DVP settlement agreements with our company and opened special funds accounts, with a settlement amount of 265,438+0 trillion yuan, up more than 60% year-on-year.
The successful implementation of IT system evaluation project has laid a foundation for further IT construction and planning. Cooperate with the People's Daily News Information Center to publish the monthly China Bond. "Develop a real-time monitoring system for bond business to monitor abnormal information in time. Formulate business rules such as the central bond bookkeeping system bond interest accounting method, national inter-bank bond market financial bond information disclosure operating rules, non-financial enterprise debt financing instrument information disclosure operating rules, and savings bonds (electronic) related business implementation rules. Start the construction of corporate culture in an all-round way, formulate the work plan of corporate culture construction, and issue the outline of corporate culture. Establish company discipline inspection committee and discipline inspection and supervision office.
20 10: the business volume increased steadily, and the issuance of various bonds broke through 1000; Bond settlement 162.8 1 trillion yuan, up 33.38% year-on-year; At the end of the year, the balance of bond custody exceeded 20 trillion yuan. The new generation of client is officially put into operation, with stronger functional compatibility, providing customers with better service channels and more humanized service interface. On the basis of improving quality and expanding market influence, the market operation of China bond information products has been realized. Basically complete the development of collateral management system and draft relevant agreements and systems. The tender and issuance system for non-financial corporate bonds and the real-time monitoring system for bond business were officially launched. Formulate measures for monitoring and management of inter-bank bond market business and monitoring and early warning scheme for settlement limit of overseas institutions, formulate business guidelines for overseas institutional investors and bond account business guidelines, and revise customer service agreements. The company moved into the new office building (Financial Street 10), successfully completed the system migration, and initially established the system operation and maintenance system under the "three centers" pattern.