Thursday January 2 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2013/131227news.htm
Hong Kong Exchanges and Clearing Limited (HKEx) has announced 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 (CCASS) of HKSCC.
Through its inclusion in CCASS, 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.
Click on above link for further details.