Waste IT Equipment Disposal and Recycling Project - Bank of Communications

Customer background：

Founded in 1908, Bank of Communications is one of the oldest banks in China.

On April 1, 1987, Bank of Communications was reorganized and officially opened to the public, becoming the first national state-owned joint-stock commercial bank in China, headquartered in Shanghai. It was listed on the Hong Kong Stock Exchange in June 2005 and the Shanghai Stock Exchange in May 2007, and was selected as a global systemically important bank in 2023. In terms of Tier 1 capital, Bank of Communications ranks 9th among global banks.

(Source: Bank of Communications official website)

The financial services industry is subject to strict regulatory requirements, including regulations on data security, information protection, and more. In the process of IT asset disposal and recycling, financial institutions can comply with regulatory regulations, reduce the risk of non-compliance, and maintain the reputation of the industry through standardized IT asset disposal and recycling. This is not only a consideration of the company's own rights and interests, but also a high degree of concern and responsibility for the privacy of the company and personal data.

Sensitive customer information, such as personally identifiable information and financial data, that is involved in the day-to-day business activities of financial services institutions, is like a precious asset stored in the "warehouse" of old IT assets. If the security measures (data security) of the "warehouse" are lax at the time of recycling, sensitive data can be "stolen" (leaked) by criminals. On the contrary, if a complete compliance "security system" (compliance path) is established to carry out the safe recycling and disposal of IT assets, it can effectively protect data and ensure that customer data is safely "destroyed" during the recycling process, thereby providing a comprehensive risk prevention "shield" for customer privacy.

ITRec has five major qualification certifications, provides standardized IT asset disposal and recovery services (ITAD, full name IT Asset Disposition) in accordance with international certification standards, and issues IT asset disposal recovery and data erasure reports.

Our main recycling categories include:：

Computer equipment(Laptops, Servers, Desktops, All-in-One PCs)

Office equipment(Printers, conference systems, monitors, projection equipment)

IT accessories(CPU, memory, hard disk, motherboard)

Network equipment(switches, routers, storage, firewalls).

Our IT asset disposal and recycling process

About us

"ITRec Recycling" is a brand of Shanghai Chengyu Renewable Resources Recycling Co., Ltd., which began in 2010.

The company is headquartered in Shanghai, and has established physical branches in Beijing, Shenzhen, Guangzhou, Guizhou, Hong Kong and Singapore. After more than ten years of development, the company has become a global leader in big data processing and IT hardware recycling services, and is an IT data service provider & hardware recycler of well-known enterprises such as Dell, Lenovo, HP, Xiaomi, Huawei, etc., and has established a solid cooperative relationship with many internationally renowned technology giants.