What is the nominal holder in the Hong Kong Stock Connect transaction?

Hello, the nominal holder refers to the institution entrusted by others to hold securities on behalf of others. The Securities Registration Rules of China Securities Depository and Clearing Co., Ltd. stipulates that the nominal holder shall enjoy the relevant rights as a securities holder according to law, and at the same time bear the corresponding obligations to the owner of securities interests under his name, and the owner of securities interests shall realize his relevant rights through the nominal holder. When exercising the relevant rights of the securities holder, the nominal holder shall solicit the opinions of the securities owner under his name in advance and act according to his opinions, and shall not harm the interests of the securities owner.