On the afternoon of August 8, when Zhang Enzhao, President of CCB lifted the red curtain on the 33rd floor of Shanghai Branch Bank, a board printed with “Shanghai Trading Center of China Construction Bank” appeared in front of guests. From that time, Shanghai Trading Center started operation. Officials attending the ceremony include Chen Zuofu, assistant to president and those from related functions and branches.

---- Subsequently, Zhang Enzhao and Chen Zuofu inspected capital exchange room with exhilaration. While inspection, Zhang Enzhao asked about the status and got familiar with current operation. He also chatted delightedly with staff and said that employees should take care due to the hot weather.

---- It is known that the exchange enter started operation as early as September 7. During which, the trading volume seed a stead growth with smooth operation and good result, and all business showed good momentum. In the test operation of 1 month, the trading volume amounted to 100 billion RMB, among which, national debt, financial debt of policy bank and bills undertaken for Central Bank stood at RMB 20.7 billion, debt buy-back RMB 66.1 billion, credit call RMB 16.8 billion, second market of bond RMB 5.2 billion with 5 newly added client. The quotation, contract, settlement, payment and accounting processing all ran smoothly, so were trading system, risk management system, information system, OA system with orderly link between front and back businesses and immediate and correct fund clearing.

---- It was introduced that the establishment of Shanghai Trading Center was an important measure conforming to the development trend of modern commercial bank and requirement of improving capital management system. It will play a significant role in promoting the healthy and rapid development of RMB trading business of CCB.

---- Firstly, it will make the capital trading closer to the market and clients. As an international financial center under construction, Shanghai has rich financial resources and large potential client base. China Foreign Exchange Trading System & National Interbank Funding Center, Shanghai Gold Exchange, China Foreign Exchange Trading System, Shanghai Stock Exchange are all located in Shanghai, therefore, Shanghai has become an important location for currency market, bond market, gold market, foreign exchange market, stock exchange market and bill market. Shanghai Trading Center may take full advantage of position and catch market information, industrial information and client information immediately to conduct flexible and expeditious trading and investment decision making and raise response capacity as well as innovation skills.   

---- Secondly, CCB may realize professional division of structure for capital trading and build a platform for the development of capital business and talent training. It is known that Shanghai Trading Center is responsible for self-operation, acting as an agent for trading and financial market research. Detailed trading include:  credit call, bond buy-back, bond investment, bond trading, public market operation, over-the-counter trading of national debt, self-operation and acting as an agent in gold, platinum and other rare metal trading and agent for bond settlement. Shanghai Trading Center carried out detailed and professional division of structures conforming to the trading operation framework of international advanced banks and realized rigid separation in front, middle and back counter; separation of self-operated trading and agent ones; separation and complementary relation between capital trading, product marketing and market research. This kind of division can not only provide refined added value service, but also raise market research and decision making capacity and product innovation skills and enable traders to master in-depth information of financial products and to be professional in the business.

---- It was introduced that the establishment of Shanghai Trading Center would help to exploit potential clients of capital business in Shanghai and surrounding areas which was testified in the one month operation. Today, when electronic trading become well developed, Shanghai Trading Center succeeds in keeping close contact with important client of other areas as before; for small and medium client in other areas, local branch will be authorized to trade with them. Through all above measures, the market share of CCB in capital trading will be further consolidated and enlarged.