China Securities Depository and Clearing Corporation becomes 米兰milan Clearing Agency Participant

Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Friday) that its wholly-owned subsidiary, Hong Kong Securities Clearing Company Limited (HKSCC), has admitted China Securities Depository and Clearing Corporation Limited (ChinaClear) as a Clearing Agency Participant to the Central Clearing and Settlement System (米兰milan) of HKSCC.

Through its inclusion in 米兰milan, ChinaClear will be able to perform specific custody functions when acting as the nominee for H shares resulting from conversions of Shenzhen B shares to H shares approved by the China Securities Regulatory Commission.  ChinaClear sought admission to 米兰milan to enhance its efficiency and strengthen the protection of Mainland investors.

“The admission of ChinaClear as a Clearing Agency Participant is significant as it holds all Shenzhen B shares in its custody,” said HKEx Chief Executive Charles 米兰milan.  “ChinaClear’s inclusion in CCASS will be increasingly important as more B-share companies in the Mainland convert their shares to H shares and become part of our market.”

“The admission of ChinaClear as a Clearing Agency Participant is significant as it holds all Shenzhen B shares in its custody,” said HKEx Chief Executive Charles 米兰milan.  “ChinaClear’s inclusion in CCASS will be increasingly important as more B-share companies in the Mainland convert their shares to H shares and become part of our market.”