According to the "China Securities Depository and Clearing Co., Ltd. special legal person institution securities account opening
The detailed rules for the implementation of the establishment business stipulate that the securities account opening business of insurance companies, securities companies, trust companies, fund companies, social security institutions and qualified foreign institutional investors shall be accepted by China Clearing Shanghai Branch and Shenzhen Branch, but the account opening agency cannot accept it. Among them, the Shanghai securities account is accepted by China Clearing Shanghai Branch. For the materials that investors need to submit, please refer to "China Clearing Shanghai" under the column of "Business Rules → Shanghai Market → Account Management" on the website of China Clearing Company. Shenzhen securities account is accepted by China Clearing Shenzhen Branch. For the materials that investors need to submit, please refer to the Business Guide for Opening Securities Accounts for Special Investors of China Clearing Shenzhen Branch under the column "Business Rules → Shenzhen Market → Account Management" on the website of China Clearing Company. The purpose of issuing products through trust is to introduce third-party regulators and control risks reasonably. At present, the relatively standardized sunshine private placement in China is entered through the issuance of products by investment management companies.
Among them, Investment Management Co., Ltd. is the investment manager, trust company is the creditor's rights custodian, commercial bank is its own manager, and securities company is the transaction trustee. The products issued by trust can enter the market in a standardized way, accept the supervision of China Securities Regulatory Commission, and make large-scale investment reasonably and legally, which provides a legal platform for the company's long-term development.