China Securities Depository and Clearing Corporation Limited (Chinese: 中国证券登记结算有限责任公司), in short CSDC, SD&C,[1] or ChinaClear (Chinese: 中国结算 or 中证登, Zhongzhengdeng), is a central counterparty and central securities depository of China, based in Beijing. It is responsible for all securities depository and clearing services for the Shanghai Stock Exchange and Shenzhen Stock Exchange, thus playing a similar role as that of DTCC for the US stock markets.
Overview
CSDC was set up on March 30, 2001.[2] In September 2001, Shanghai Securities Central Depository and Clearing Corporation and Shenzhen Securities Depository Corporation, two corporations which were in responsible for depository and clearing services of Shanghai Stock Exchange and Shenzhen Stock Exchange, were merged into the CSDC.[3] It is a non-profit entity established with the approval of the China Securities Regulatory Commission.[4]: 36
See also
- China Central Depository & Clearing (ChinaBond)
- Shanghai Clearing House
- Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect
- Asia-Pacific Central Securities Depository Group
- CCP Global
References
- ^ Patrick Hess (July 2010), Securities clearing and settlement in China: markets, infrastructures and policy-making (PDF), European Central Bank
- ^ "公司概况". CSDC. Retrieved January 6, 2015.
- ^ He, Zhigang (2011). 中国债券市场微观结构研究 (in Chinese (China)). China Economic Publishing House. p. 51. ISBN 978-7-5136-0400-0.
- ^ Committee on Payments and Settlement Systems (2012). "Payment, clearing and settlement systems in China" (PDF). Bank for International Settlements.
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