——CCB and Guotai Junan Securities take the lead to launch a new model of the third-party custodial services

After a comparatively long-term test for the security of business operation, recently China Construction Bank (CCB) and Guotai Junan Securities has singed an agreement for the third-party custodial cooperation, and officially launched the third-party custodial services in Shanghai. In the meantime, the bank-securities card—Guotai Junan Long card also was issued correspondingly. So far, both parties have been proactively engaged in the plan of introducing this service into other places step by step.

CCB is the first commercial bank to provide the third-party custodial service for customers in fund settlement of transactions in China. And it is also the largest commercial bank in terms of transaction volume. As to its sound system operation, safe and fast custodial services, CCB has the leading edge among China’s banks. As one of the first innovative securities to restart the third-party custodial business approved by Chinese Securities Regulatory Committee, Guotai Junan Securities third-party custodial scheme and business regulations under the multi-banks model have received recognition and support from the market. CCB and Guotai Junan Securities jointly launched the new model of the third-party custodial services in line with the new edition of Securities Law, which signifies that this sector has already formed a safe, sound and completed model of the third-party custodial service for customers in fund settlement of transactions. With the promotion of the new model, it will progressively become the main stream in the present market.