China Securities Depository and Clearing Corporation
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| China Securities Depository and Clearing Corporation | |
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| Founded | 2001 |
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| Headquarters | Beijing, PRC |
| Key People | Chen Yaoxian, Chairman; Jin Ying, CEO |
| Website | http://www.chinaclear.cn/index.html |
The China Securities Depository and Clearing Corporation (SD&C) was created pursuant to the People's Republic of China Securities Law and People's Republic of China Company Law. The SD&C's total capital is RMB 1.2 billion, and Shanghai Stock Exchange and Shenzhen Stock Exchange hold 50 percent each of the SD&C. Headquartered in Beijing, the SD&C also has two branches in Shanghai and Shenzhen. The China Securities Regulatory Commission is the competent authority of the SD&C.
History[edit]
On March 30, 2001, in accordance with the "Securities Act" and with the agreement of State Council, the China Securities Regulatory Commission approved the establishment of the SD&C. In September 2001, Shanghai and Shenzhen branches were established. Starting October 1, 2001, the SD&C has engaged in all depository and settlement operations originally handled by the Shanghai Stock Exchange and Shenzhen Stock Exchange, marking the advent of the unified securities depository and settlement system in China.
Products and Services[edit]
The establishment and management of securities accounts and settlement accounts;
Depository and transfer of securities;
Registeration of securities holders' names and rights;
Management of securities and financial clearing & settlement;
Distribution of warrants on behalf of the issuers
Provision of securities registration and settlement business-related queries, information, advisory and training services according to laws;
Other businesses that the China Securities Regulatory Commission approves