China Central Depository & Clearing

The China Central Depository & Clearing Co., Ltd. (Chinese: 中央国债登记结算有限责任公司), in short CCDC, CDC,[1] or ChinaBond (Chinese: 中央结算公司, 中债公司 or 中债登 Zhongzhaideng), formerly also translated as China Government Securities Depository Trust & Clearing Co.,[2] is a central securities depository (CSD) for Chinese bonds and other fixed-income securities, based in Beijing with a secondary headquarters in Shanghai.

[4] CCDC is one of China's three dominant CSDs, together with China Securities Depository and Clearing Corporation (CSDC) and the Shanghai Clearing House (SHCH).

It started as a centralized depository for government bonds, and has expanded into providing registration, custody and settlement services under the approval and funding of the State Council.

In 2018, the Shanghai headquarters of CCDC facilitated the issuance of bonds in the following market segments: local government bonds (99 issues, raising RMB 482.8 billion); corporate bonds (66 issues, RMB 61.2 billion); asset-backed securities (12 issues, RMB 64.6 billion); and other financial bonds (2 issues, RMB 6 billion).

[5] CCDC runs a national depository system of government bonds under the permission of Ministry of Finance of the People's Republic of China.