Market Link Guide - China - B-Shares
Key features
| Yes/No | Remarks | |
| Settlement free of payment | Yes | For China B-shares:
CSDCC requirement for NCBO. For China A shares:
|
| Settlement against payment | Yes | For China B-shares:
|
| Bridge settlement | No | |
| Shaping facility | No | |
| Partial settlement | No | |
| Settlement penalty fees | Yes | Short selling and long purchases (that is, purchases without sufficient funds) are prohibited on the Shanghai and Shenzhen Stock Exchanges. |
| Pre-matching | Yes | |
| Back-to-back processing | No | |
| Allegements | No | |
| Automatic compensation | No | |
| Registered securities | Yes | Registration takes place automatically upon settlement. |
| Multi Market Securities | No | Refer to the Multi-securities Guide. |
| Lending and borrowing | No | |
| Proxy voting | Yes | |
| Investment Funds | No | |
| Liquidity Hub Connect | No | |
| Sale and purchase of rights | No | |
| Repo services | No | |
| Market restrictions | No | Investments are subject to the investor’s application for an investor code at CSDCC Shanghai and/or Shenzhen. All B shares to be deposited in CBL must be registered in the names of both “Clearstream” and the underlying customers. |
| FTT | No | |
| FATCA GIIN | No | |
| Miscellaneous | Yes | The opening of individual investor accounts by CBL is not permitted. |
| LEI | Yes | HSBC China: 2CZOJRADNJXBLT55G526 |
| Type of link | CSD or settlement method |
| Indirect link via HSBC China | China Securities Depository and Clearing Corporation (CSDCC) |