Is China Securities Depository and Clearing Co., Ltd. a state-owned enterprise?

Yes, China Securities Depository and Clearing Corporation is a state-owned enterprise, which is responsible for providing centralized registration, depository, clearing and settlement services for Chinese mainland securities market. Approved by China the State Council, it was established by Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository and Clearing Co., Ltd.

The main responsibilities of China Securities Depository and Clearing Co., Ltd. include:

1. Provide centralized registration, depository and transfer services for securities issuance and trading;

2. Provide securities holders' roster service and confirm the rights and interests of securities holders;

3. Responsible for centralized liquidation of securities to reduce counterparty risk;

4. Provide delivery services after securities trading to ensure the smooth transfer of securities and funds;

5. Responsible for managing the market transaction data of the stock exchange and providing information services for regulators and market participants;

6. Participate in the infrastructure construction of the securities market and promote the standardized and innovative development of the securities market.

As a state-owned enterprise, China Securities Depository and Clearing Co., Ltd. has played an important role in the development of China's securities market and provided important support for ensuring the safe, efficient and stable operation of the market.