The securities registration and settlement company is a non-profit legal person that provides centralized registration, depository and settlement services for securities transactions.
Securities registration and clearing company business:
The establishment and management of securities accounts and settlement accounts;
Depository and transfer of securities;
Register of securities holders and registration of rights and interests;
Clearing, settlement and related management of listed securities transactions in stock exchanges;
Distributing the securities rights and interests entrusted by the issuer;
Handling inquiry, information, consultation and training services related to the above business;
Other businesses approved by the State Council Securities Regulatory Authority.
On March 30th, 20001year, China Securities Depository and Clearing Co., Ltd. was established. At present, there are two main forms of securities registration and settlement companies in China: one is a specialized institution that provides centralized registration, centralized depository and centralized settlement services for stock exchanges, called the central registration and settlement institution; Second, local institutions that provide registration and settlement services for local securities institutions and investors on behalf of the central registration and settlement institutions are called local registration and settlement institutions.