Securities registration and settlement company: as the name implies, it is an institution that conducts securities transaction settlement and equity registration.
At present, there are two securities registration and settlement companies in China, which are divided into Shanghai company and Shenzhen company. In addition, there is the Central Government Securities Depository and Clearing Corporation.
Depository bank is a name that exists after third-party depository. Simply put, it is to leave the funds in the securities account.