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繹rse Group���s 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���s 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���s 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: ���We are happy to cooperate with Clearstream to be the first Chinese bank joining the triparty repo business.
���Triparty 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.
���Looking into the future, we would like to join hands with financial peers to promote together the development of the repo market in China.���
Philip Brown, CEO at Clearstream Banking, adds: ���This partnership with ICBC represents a key milestone in bringing innovative triparty repo solutions to China.
���It 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.���
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���s 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���s 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: ���We are happy to cooperate with Clearstream to be the first Chinese bank joining the triparty repo business.
���Triparty 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.
���Looking into the future, we would like to join hands with financial peers to promote together the development of the repo market in China.���
Philip Brown, CEO at Clearstream Banking, adds: ���This partnership with ICBC represents a key milestone in bringing innovative triparty repo solutions to China.
���It 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.���
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