Bank of China has recently obtained approval to serve as a futures margin depository bank for overseas clients of the Shanghai Futures Exchange and the Guangzhou Futures Exchange. This makes it one of the first banks to provide depository services to both domestic and international clients across all six domestic futures exchanges.
As one of the earliest banks in China to engage in futures margin depository business, Bank of China has been deeply involved since the launch of the country’s first internationalized futures product in 2018. It has successively provided stable and efficient financial support to the Shanghai International Energy Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, and China Financial Futures Exchange. The number of overseas investors it serves in the futures market has consistently ranked among the highest in the industry.
In recent years, leveraging its expertise in cross-border finance and its global clearing network, Bank of China has offered a full range of integrated financial services to various types of overseas clients. These services include account management, fund settlement, margin depository, cross-border clearing, and custody. The bank has effectively opened up key channels for overseas capital to participate in futures trading, strengthening the foundation for secure market operations.
This latest approval not only further solidifies Bank of China’s leading position in cross-border futures and derivatives services, but also provides strong support for attracting more international capital into the Chinese market and enhancing China’s influence in the global pricing system for commodities.
Bank of China will continue to serve as a primary channel for cross-border financial services, offering compliant, secure, and efficient financial support for futures trading by domestic and international clients. It will further contribute to promoting the international use of the renminbi and supporting high-level financial opening-up.
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