Inter-market Maket Data Repository (Shanghai) was established on December 13 with a registered capital of 600 million yuan. Led by legal representative XU Zhong, the firm will provide data processing, storage support, IT consulting and software development services. Its shareholders include Shanghai Commercial Paper Exchange, the National Association of Financial Market Institutional Investors, Zhonghui Information Technology (Shanghai), and China Bond Rating.

The launch comes after Pan Gongsheng, governor of the People's Bank of China, announced that the central bank would build an interbank market transaction data repository and an international digital RMB operation center in June. Speaking at the Lujiazui Forum 2025, Pan said the repository would aggregate high-frequency transaction data across interbank bonds, currencies, derivatives, gold and commercial paper, aiding financial institutions, macroeconomic policy and market oversight.