Industrial and Commercial Bank of China joins Clearstream
09 December 2025 China
Image: Galina/stock.adobe.com
The Industrial and Commercial Bank of China (ICBC) has joined the triparty repo service of Clearstream, Deutsche B枚rse Group鈥檚 post-trade services provider.
ICBC is the first Chinese financial institution to do so, allowing clients to participate in triparty repo under title transfer with offshore counterparties.
This marks a significant step in strengthening the Chinese repo market with a secure and efficient triparty offering, enhancing its attractiveness and fostering further growth.
The repo market is crucial for liquidity management within China鈥檚 financial system, serving as a vital funding source for institutions, says Clearstream.
The firm notes a growing popularity in triparty repos with users benefiting from a balance of high safety and a potential for greater returns compared to traditional money market instruments and bilateral repos.
For 30 years, Clearstream鈥檚 triparty repo service has connected global market participants as a neutral intermediary, offering access to diverse and substantial liquidity pools.
Hailu Wang, general manager of global markets department of ICBC, states: 鈥淲e are happy to cooperate with Clearstream to be the first Chinese bank joining the triparty repo business.
鈥淭riparty repo, by tapping into the collateral management service of third-party professional institutions such as Clearstream, provides higher efficiency and lower counterparty risk in the repo market.
鈥淟ooking into the future, we would like to join hands with financial peers to promote together the development of the repo market in China.鈥�
Philip Brown, CEO at Clearstream Banking, adds: 鈥淭his partnership with ICBC represents a key milestone in bringing innovative triparty repo solutions to China.
鈥淚t is a testament to our commitment to providing cutting-edge services that boost market attractiveness and support the evolving needs of our clients globally, a key ambition for Clearstream.鈥�
ICBC is the first Chinese financial institution to do so, allowing clients to participate in triparty repo under title transfer with offshore counterparties.
This marks a significant step in strengthening the Chinese repo market with a secure and efficient triparty offering, enhancing its attractiveness and fostering further growth.
The repo market is crucial for liquidity management within China鈥檚 financial system, serving as a vital funding source for institutions, says Clearstream.
The firm notes a growing popularity in triparty repos with users benefiting from a balance of high safety and a potential for greater returns compared to traditional money market instruments and bilateral repos.
For 30 years, Clearstream鈥檚 triparty repo service has connected global market participants as a neutral intermediary, offering access to diverse and substantial liquidity pools.
Hailu Wang, general manager of global markets department of ICBC, states: 鈥淲e are happy to cooperate with Clearstream to be the first Chinese bank joining the triparty repo business.
鈥淭riparty repo, by tapping into the collateral management service of third-party professional institutions such as Clearstream, provides higher efficiency and lower counterparty risk in the repo market.
鈥淟ooking into the future, we would like to join hands with financial peers to promote together the development of the repo market in China.鈥�
Philip Brown, CEO at Clearstream Banking, adds: 鈥淭his partnership with ICBC represents a key milestone in bringing innovative triparty repo solutions to China.
鈥淚t is a testament to our commitment to providing cutting-edge services that boost market attractiveness and support the evolving needs of our clients globally, a key ambition for Clearstream.鈥�
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