Profiles

1. Bank of Communications headquarters

Bank of Communications is deeply committed to embracing sustainability as the cornerstone of its operations and growth. With a steadfast dedication to green finance as a core long-term strategy, the establishment of a Green Finance Development Committee and a comprehensive “2+N” policy framework underscores this commitment. Focused on driving business innovation in key areas, the bank actively integrates Environmental, Social, and Governance (ESG) principles into its risk management framework, while accelerating the establishment of itself as one of the first green financial institutions with “zero-carbon outlets” in China. The bank has played a key role in shaping the “Shanghai Transition Finance Catalog (Trial)”, fostering transformative financial innovations and contributing to the city’s ambition on the international green finance hub with tangible results, including the issuance of 110 billion yuan in domestic green financial bonds by the end of January 2024. Additionally, BOCOM Financial Assets Investment successfully ventured into equity investments in hydrogen fuel cell companies, while BOCOM International Trust introduced the nation’s first non-fundraising foreign-owned carbon asset service trust in China, using Chinese Certified Emission Reduction (CCER). Moreover, BOCOM Financial Leasing facilitated the delivery of several aircraft powered by sustainable aviation fuel (SAF).

2. Shanghai United Credit Services

Shanghai United Credit Services was established in 2021 under the approval of the Shanghai Municipal People’s Government. It operates as a wholly state-owned business credit services agency registered with the People’s Bank of China. Recognized for its excellence, Shanghai United Credit Services has garnered titles including a public data authorization operation unit in Shanghai, the supervisory unit of the Shanghai Information Network Security Administration Association, and the standing chair unit of the Shanghai Credit Service General Manager Joint Conference. It has also been acclaimed as a Leading Digital Business Enterprise and received the Shanghai Financial Innovation Award. Notably, its platform has been acknowledged as one of the top 10 achievements in the construction of Shanghai International Financial Center in 2023, among other accolades.

Functioning as a provincial-level credit service platform in Shanghai, the agency plays a pivotal role in integrating the city’s public credit information and other market credit data. It stands as a cornerstone in the construction of Shanghai’s social credit system and the advancement of green finance initiatives.

Shanghai United Credit Services is deeply committed to advancing the national agenda by driving innovation across various sectors, notably inclusive finance, green finance, and technology-driven finance. The company has played a role in constructing vital public service facilities for the municipal government, including the Shanghai Green Financial Service Platform and the Shanghai Inclusive Financial Consulting and Comprehensive Service Platform. Furthermore, it actively leverages technology-driven finance initiatives, anchoring its operations in Shanghai while extending its services to the Yangtze River Delta region. Through harnessing the power of data, the company contributes significantly to Shanghai’s ambition of becoming an international financial center and spearheading the city’s digital transformation efforts.

Under the guidance of the People’s Bank of China, Shanghai United Credit Services has implemented rigorous supervision and management protocols focusing on security compliance across various dimensions including security technology, compliance management, and data authorization. Notably, the company ensures the confidentiality and integrity of data through the unified adoption of commercial CA certificate with SSL protocols for data transmission. Furthermore, the business system has achieved third-level filing for information system security level assessment, demonstrating adherence to stringent security standards. In terms of data compliance, the agency has established 42 comprehensive compliance measures covering areas such as data procurement, dispute handling, customer management, credit business management, and accountability. The agency strictly adheres to data authorization protocols and has instituted a classified and hierarchical protection system for all data in accordance with the stipulations outlined in the Implementation Rules of Shanghai Municipality on Open Public Data.