Tianjin financial assets registration and settlement Co., Ltd. (hereinafter referred to as "tianjindeng") was established on August 27, 2010. It is the result of the important strategic deployment of the State Council to promote the financial reform and innovation of Tianjin Binhai New Area. It is the necessary infrastructure for China's financial construction and development. It is the third professional independent registration, custody and settlement company in China after China national debt registration and China securities registration. In accordance with the requirements of standardization, marketization and internationalization, tianjindeng provides all kinds of financial capital market participants with third-party non-financial intermediary supporting services independent of issuance transactions, including technical services such as registration, custody and settlement for all kinds of assets, debts and equity, and services such as consulting, research, development and design for innovative products and businesses. Tianjindeng has established a business rule system and an advanced and efficient business system in line with the international and domestic industry standards. It has established a complete registration and settlement system, a mature operation management system and strict risk control standards, formed a prudent business style and accumulated rich business experience. As of February 2020, tianjindeng has accumulated an asset registration scale of 2924.231 billion yuan, an asset settlement scale of 3421.35 billion yuan, and an asset custody scale of 2500.947 billion yuan.