Core Viewpoint - Central Securities Depository Company (CSDC) plays a crucial role in China's financial infrastructure, supporting the development of the bond market and the real economy while aiming for high-quality financial development in line with national strategies [1][2]. Group 1: Company Responsibilities and Business Development - CSDC is a central financial enterprise responsible for bond market operations, including securities custody, settlement systems, and transaction databases, significantly contributing to the national financial infrastructure [1]. - In 2024, CSDC supported bond issuance registration exceeding 27 trillion yuan, transaction settlements over 300 trillion yuan, and managed a bond custody balance of nearly 116 trillion yuan, positioning itself as a global leader in bond management [2]. Group 2: Support for Economic Development - CSDC actively supports direct financing in the bond market, focusing on themes like rural revitalization, food security, and technological innovation, while also reducing service fees to benefit the real economy [3]. - The company has developed the first comprehensive ESG evaluation system for Chinese issuers and maintains a green bond collateral pool of nearly 800 billion yuan [3][5]. Group 3: Financial Market Services - CSDC provides a full lifecycle service for the bond market, including issuance, registration, trading, and information disclosure, enhancing the operational efficiency of the bond market [2]. - The company has established a pricing index system that serves as a reference for fiscal and monetary policy implementation, widely used in product pricing and risk monitoring [2]. Group 4: Internationalization and Market Opening - CSDC supports various market entry modes for foreign investors, with over 75% of transactions conducted through the Global Access model, facilitating cross-border investment in China's bond market [5]. - The company is working to make RMB bonds eligible as international collateral, collaborating with international associations to enhance global investor participation [5]. Group 5: Risk Management and Regulatory Support - CSDC enhances its risk management capabilities by providing a suite of tools and establishing a comprehensive risk management system to support regulatory functions [6][7]. - The company focuses on improving market monitoring and regulatory support through real-time monitoring and a specialized statistical monitoring system [7]. Group 6: Technological Advancements - CSDC is committed to enhancing its technological capabilities, having established a new generation of business systems that cover core bond operations and improve self-control over key technologies [8][9]. - The company is advancing its digital transformation by integrating cutting-edge technologies such as AI, blockchain, and privacy computing into its operations [9].