At the 2024 Annual Commercial Paper Market Institution Awards hosted by Shanghai Commercial Paper Exchange (SHCPE), China's Industrial Bank (CIB) secured nine honors including "Outstanding Comprehensive Business Institution," "Outstanding Acceptance Institution," "Outstanding Discount Institution," and "Outstanding Trading Institution." The bank received the highest number of awards among participating joint-stock banks, fully demonstrating its professional expertise and market leadership in commercial paper operations.
In recent years, CIB has developed a diversified product portfolio and exceptional trading strategies in commercial paper operations, consistently fueling the real economy with financial momentum. In 2024, CIB handled RMB 1.9 trillion in commercial paper acceptances, RMB 1.15 trillion in commercial paper discounts, and RMB 15.3 trillion in commercial paper transactions, serving a cumulative total of 11,000 corporate clients—all setting new historical records.
As a founding member of SHCPE, CIB maintains close collaboration with this critical infrastructure in China's financial system in business innovation, system piloting, and fund settlement, and has been selected as a custodian bank for SHCPE's proprietary operations and settlement funds.