China Securities Depository and Clearing Co., Ltd. issued the Detailed Rules for the Registration and Settlement of Open-ended Index Funds Listed on Shenzhen Stock Exchange, paving the way for ETF products to land in Shenzhen market. According to the detailed rules, Shenzhen A-share securities account is applicable to cash subscription, portfolio securities subscription, fund share trading, subscription and redemption. Shenzhen securities investment fund account is only applicable to cash subscription and trading of fund shares. Settlement participants use their securities settlement accounts to complete the settlement of fund shares and portfolio securities, and use their settlement reserve accounts to complete the fund settlement of fund share subscription, transaction, subscription and redemption.