Shanghai Clearing House

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Shanghai Clearing House
Headquarters Shanghai, China
Products Clearing House

The Shanghai Clearing House is an interbank clearinghouse that was set up for the settlement and clearing of financial products. The clearing entity was established in November of 2009.

As of late 2009, China Foreign Exchange Trade System, China Government Securities Depository Trust & Clearing Co., China Banknote Printing and Minting Corp. and China Gold Coin Inc. held 46.67 percent, 33.33 percent, 10 percent and 10 percent stakes in the new body, respectively.[1]

History

In December of 2009 it was announced that Euroclear Bank and Shanghai Clearing House had signed a memorandum of understanding (MOU) as a basis to build a co-operative relationship.[2]

Products and Services

Key People

References

  1. China Sets Up Interbank Clearinghouse In Shanghai. Alibaba.com.
  2. Euroclear Teams Up With Shanghai Clearing House. Global Investor.