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Data centers give boost to lenders, device makers

By Jiang Xueqing in Shanghai | China Daily | Updated: 2018-07-13 07:38

Eleven years after Agricultural Bank of China Ltd moved its data operations and maintenance from Beijing to Shanghai, the average number of transactions per day has grown significantly.

In the first half of 2018, the number rose 26.87 percent year-on-year to 500 million. It has increased by more than 20 percent every year since the data center of the nation's third-largest State-owned commercial lender by assets started running 24 hours a day, seven days a week in Shanghai on May 26, 2007, according to Sun Jun, a senior logistics manager at the center.

Located in the China (Shanghai) Pilot Free Trade Zone, the data center connects 36 tier-one branches at the provincial level, 18 overseas institutions, and more than 23,000 operational entities of the bank.

Data centers give boost to lenders, device makers

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