Recently, the China Foreign Exchange Trading Center announced the results of the 2023 inter-bank local currency market evaluation. The Bank of Shanghai won the two awards of “Market Influential Institution of the Year” and “Market Innovative Business Institution”, with a total of 11 sub-dimension awards. It is the first city commercial bank to win the award. The largest number of institutions.
Local currency market heavyweight awards
The inter-bank local currency market evaluation is comprehensively evaluated by the National Interbank Funding Center based on market institutions’ issuance transactions, credit compliance and contribution to market construction. It is a recognized heavyweight award in the local currency market and represents the institution’s performance in related businesses. The professional level and market positioning in the field have considerable authority and market influence in the industry.
The city commercial bank with the largest number of awards
In the evaluation dimensions of the “Annual Market Influence Award”, Bank of Shanghai won the titles of “Core Dealer”, “Money Market Dealer”, “Bond Market Dealer”, “Derivatives Market Dealer”, “Interbank Certificate of Deposit Issuer” and “Open to the Outside World”. Participating Institutions (Bonds)” and “Market Co-construction Institutions” received all 7 honors; in the evaluation detailed dimensions of “Market Innovation Business Institutions”, it won “CFETS Interbank Deposits”, “X-Repo”, “X-Lending” and “X-Swap” “5 major honors for “Cross-border Investment Innovation”.
Continue to strengthen core trading capabilities
As the core market maker in the inter-bank market, Bank of Shanghai’s local currency trading business comprehensively covers the money market, bond market and derivatives market. Over the years, Bank of Shanghai has been guided by strategic planning, giving full play to its own advantages, continuously improving its core transaction capabilities, and continuously deepening the quality and efficiency of serving the real economy. At the same time, it actively participates in the innovation of various products and trading mechanisms in the local currency market, collaboratively promotes the innovative and standardized development of the local currency market, and steadily enhances its influence in the inter-bank market.