CFIC Introduction
Recently, the 2023 annual report of Shanghai's financial factor market has been released, adding a touch of "gold" to the construction of Shanghai International Financial Center at the end of the year.
Original title: [Financial Analysis] "City" cares about the "year-end report" of Shanghai's financial factor market
Shanghai is one of the cities with the most complete financial factor markets in the world, including stocks, bonds, futures, currencies, bills, foreign exchange, gold, insurance, trusts and other factor markets. Recently, the 2023 annual report of Shanghai's financial factor market has been released, adding a touch of "gold" to the construction of Shanghai International Financial Center at the end of the year. Rolling "money tide", who is handling the "100 billion"?
Xinhua Finance analysts combed through the annual reports of more than 10 Shanghai exchanges that have officially released the total transaction volume and found that as of February 1, 2024, the Shanghai Bills Exchange, the Shanghai Futures Exchange, the China Financial Futures Exchange, the Cross-border Clearing Company, and the Shanghai International Energy Exchange ranked among the top five in terms of total trading volume. Among them, the Shanghai Bills Exchange, the Shanghai Futures Exchange, the China Financial Futures Exchange, and the Cross-border Clearing Company achieved "100 billion". It is worth mentioning that the scale of Shanghai Clearing House's centralized clearing business in 2023 will reach 636 trillion yuan, which can also be regarded as a "100 billion" player. The growth rate is gratifying, who will lead the rise?
According to the combing, the growth rate of the transaction amount of the City Bank Clearing Company is significantly ahead. According to the official WeChat official account of "City Bank Clearing Service Co., Ltd.", the annual payment and clearing system processed a total of 40,366,300 transactions with an amount of 3,776.222 billion yuan, an increase of 49.69% and 45.94% year-on-year respectively. In addition, the cross-border clearing company, the Shanghai Bills Exchange, the Shanghai Gold Exchange, and China UnionPay all maintained double-digit year-on-year growth rates. In the past year, "extending trading hours" has been mentioned many times in the industry, and the "chain" work caused by delays has also appeared in the exchange's year-end summary report. From January 2023, the trading hours of the interbank RMB foreign exchange market will be extended to 3:00 (Beijing time) the next day. By the end of the year, the China Foreign Exchange Trade System (CFETS) issued another information stating that it would extend the trading hours of interbank foreign currency pairs and foreign currency money markets to 3 a.m. (Beijing time) the next day from December 18, 2023, covering more trading hours in Asian, European and North American markets. In addition, according to the "2023 Interbank Market Transaction Statistical Report" released by the WeChat official account of "China Money Market", overseas institutions from 70+ countries and regions around the world traded 55.5 trillion yuan last year. On the other hand, during the Mid-Autumn Festival and National Day holidays, the Cross-border RMB Payment System (CIPS) will continue to provide cross-border RMB payment and clearing services for domestic and foreign customers for the first time in accordance with the mode of "operation on overseas working days". According to the public information on the website of the Shanghai Stock Exchange, as of December 29, 2023, 67 companies have been listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, with a total amount of 141.539 billion yuan. In 2023, there will be 894 new service enterprises in the Shanghai Equity Custody and Trading Center, an increase of 7.9% year-on-year, with a total of 12,276 service enterprises, equity financing of 187.699 billion yuan, a year-on-year increase of 3.6%, and debt financing of 104.898 billion yuan, a year-on-year increase of 2.4%, and a transaction of 66.347 billion yuan. In addition, the agency's Shanghai "specialized, special and new" special board construction plan was filed with the China Securities Regulatory Commission in December 2023. The new star that has attracted attention in the industry is the "newcomer" in the financial factor market. On the basis of the Shanghai Stock Exchange, Shanghai Exchange Group was inaugurated in 2023, with a trading scale of 376.616 billion yuan. The Shanghai Data Exchange, established in 2021, will achieve a data transaction volume of more than 1.1 billion yuan in 2023, with a total of 2,100 data products listed. As of December 29, 2023, the Shanghai carbon emission trading market has attracted more than 1,860 units to open accounts for trading, with a cumulative trading volume of 240 million tons and a cumulative turnover of 4.222 billion yuan, ranking first in the country in terms of the trading volume of national voluntary certified emission reductions (CCER). In 2023, the balance of collateral under management will be 28.31 trillion yuan, an increase of 35.2% year-on-year, 3,885 institutional customers will be served, an increase of 4.2% over the same period last year, and the face value of pledged collateral for repurchase, lending and other businesses will exceed 1,400 trillion yuan, a year-on-year increase of 23.42%. According to authoritative media statistics, a total of 15 insurance asset management companies under the Shanghai Insurance Exchange, China Insurance Asset Registration and Trading System Co., Ltd. (China Baodeng), will register 91 asset-backed plans in 2023, with a registered scale of more than 450 billion yuan. As of press time, the China Securities Depository and Clearing Corporation and the China Trust Registration Corporation have not officially announced the relevant annual reports. In addition, Xinhua financial analysts found in the process of combing that "serving the quality and efficiency of the real economy", "doing a good job in five major articles" and "social responsibility" appear frequently in the annual report, reflecting that the financial factor market in Shanghai is not only "quantity" first. With the efficient operation of the market, a sum of funds has flowed to thousands of industries, and the "pulse" of Shanghai International Financial Center has been beating strongly.
Source of this article: Xinhua Finance
Author: Yang Zihua
WeChat editor: Fang Zizhao
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