Recently, Shanghai Clearing House (SHCH) launched the carbon emission allowance repurchase clearing business, which has been successively rolled out in the Hubei and Guangdong regional carbon markets. A number of institutions have actively participated, including Shenwan Hongyuan Securities, Huatai Securities, Orient Securities, Guotai Haitong Securities, CITIC Securities, CICC, China Galaxy Securities, and Guosen Securities.
As a financial market infrastructure, SHCH leverages its mature payment and clearing system to directly connect with the carbon market, providing market participants with full-process online services for carbon emission allowance repurchase trading, clearing, and settlement. SHCH offers bilateral gross settlement on a transaction-by-transaction basis via participants' entity capital accounts, effectively helping enterprises broaden green financing channels while fullfilling their obligations.
In the future, SHCH will continue to improve services as a financial market infrastructure, and promote the carbon financial instruments.
