Market Link Guide - China - China Interbank Bond Market

08.10.2019

Key features

Key services

Yes/No

Remarks

Settlement free of payment

No

Unless for portfolio transfer (change of settlement agent).

Settlement against payment

Yes

RMB only (Onshore CNY).

Bridge settlement

No


Shaping facility

No


Partial settlement

No


Settlement penalty fees

No

Broker monitors available holding balances on pre-trade basis to avoid any short-selling.

Pre-matching

No


Back-to-back processing

No


Allegements

No


Automatic compensation

No


Registered securities

Yes

Registration takes place automatically upon settlement.

Multi Market Securities

No

 

Lending and borrowing

No


Proxy voting

No


Investment Funds

No


Liquidity Hub Connect

No


Sale and purchase of rights

No


Repo services

No


Market restrictions

No

Eligible investors are required to file for registration with PBOC prior to investment in the China Interbank Bond Market.

Segregated accounts per investor are opened at the CSD level and in HSBC’s books.

FTT

No


FATCA GIIN

No


Miscellaneous

Yes

The opening of individual investor accounts by CBL is not permitted.

Eligible customers have to open a separate CBL account for investment into the China Interbank Bond Market.

LEIYesHSBC China: 2CZOJRADNJXBLT55G526

Type of link

CSD or settlement method

Indirect link via HSBC China

China Central Depository and Clearing Corporation Ltd  (CCDC)
LEI: 3003003IRW6SZBF1PB90

Shanghai Clearing House (SCH)
LEI: 3003009OCN1WA6ED1054