China Clearing performs the following functions:
1. Establishment and management of securities accounts and settlement accounts.
2. Depository and transfer of securities.
3. Register of securities holders and registration of rights and interests.
4. Clearing and settlement of securities and funds and related management.
5. Distribution of securities rights and interests entrusted by the issuer.
6. Provide inquiry, information, consultation and training services related to securities registration and settlement business according to law.
7. Other businesses approved by China Securities Regulatory Commission.
Extended data
The duties of a stock exchange
1, the stock exchange shall provide guarantee for the organization of fair and centralized trading, publish the real-time market of securities trading, and make a stock market table according to the trading day and publish it. Without the permission of the stock exchange, no unit or individual may publish the real-time quotation of securities trading.
2. The stock exchange has the right to deal with the suspension, resumption or termination of listing of stocks and corporate bonds in accordance with laws, administrative regulations and the provisions of the the State Council securities regulatory authority.
3. When the normal trading of securities is affected by unexpected events, the stock exchange may take technical suspension measures; A stock exchange may decide to suspend trading due to unexpected events of force majeure or in order to maintain the normal order of securities trading.
When a stock exchange suspends trading technically or decides to suspend trading temporarily, it must report to the securities regulatory authority in the State Council in time.
4. The stock exchange shall monitor the securities trading in real time, and report the abnormal trading according to the requirements of the State Council securities regulatory authority.
A stock exchange shall supervise the information disclosure of listed companies and related information disclosure obligors, and urge them to disclose information timely and accurately according to law. A stock exchange may, when necessary, restrict the trading of securities accounts with major abnormal trading conditions and report to the the State Council Securities Regulatory Authority for the record.
5. A stock exchange shall set up a risk fund by extracting a certain percentage from the transaction fees, membership fees and seat fees collected. The risk fund is managed by the board of directors of the stock exchange. A stock exchange shall deposit the collected risk funds into the special account of the bank where the account is opened, and shall not use them without authorization.
6. A stock exchange shall formulate listing rules, trading rules, membership management rules and other relevant rules in accordance with securities laws and administrative regulations, and report them to the the State Council securities regulatory authority for approval.
Baidu encyclopedia-stock exchange
Baidu encyclopedia-Deng Zhong company