Agricultural Development Bank of China and Shanghai Clearing House Realize Direct Business Data Connection
On August 21, the bond management system and fund transaction system of Agricultural Development Bank of China (ADBC) were directly connected with the bidding and issuing system and comprehensive business system of Shanghai Clearing House, respectively, and went online. This is another important innovation achieved by the two sides in further promoting high-quality cooperation since the first direct-to-investor pilot bond issue completed by the ADBC in Shanghai Clearing House on April 28 this year.
The direct connection between the systems of both sides will further enhance the security, timeliness and accuracy of the business. Among them, the direct data connection of Shanghai Clearing House's bidding and issuance system is the first time since its online operation that it is open to market members. As an important member of Shanghai Clearing House, the successful access of this direct link not only provides effective support for both sides to carry out their business, but also provides a complete and effective reference model and implementation experience for the market.
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