March

March 1  CSDC released the Rules on Registration and Settlement of Stocks on the Science and Technology Innovation Board (For Trial Implementation).

March 22 CSDC released the Administrative Measures for Agencies Offering Securities Registration Business to Investors.

April

April 30 CSDC, Shanghai Stock Exchange (SSE) and China Securities Finance Corporation Limited co-released the Implementation Rules on Securities Lending and Borrowing under Margin Financing Business.

May

May 24  CSDC, along with Shanghai and Shenzhen Stock Exchanges, released the Notice on the Matters Concerning the Provision of Transfer and Settlement Services for Specific Bonds during the Listing Period and the Notice on the Matters Concerning the Provision of Transfer and Settlement Services for Specific Non-publicly Offered Bonds during the Listing Period, and introduced the transfer service of defaulted bonds under the guidance of the CSRC.

June

June 17 CSDC supported Shanghai-London Stock Connect issue GDRs under the westbound business.

June 24 Workshop on Compliance with CPSS-IOSCO Principles for Financial Market Infrastructure was held successfully by CSDC at the initiative of the IMF and the CSRC.

June 28 On June 28, 2019, CSRC Party Secretary and President Yi Huiman visited CSDC for the educational campaign themed “Staying True to Our Original Intention”.

July

July 22 The first 25 companies debuted on the STAR Market as a result of CSDC’s cooperation with SSE to launch the STAR Market and pilot the registration-based IPO system.

August

August 30 CSDC, SSE, SZSE, and NEEQ jointly released the Implementation Measures for Convertible Corporate Bonds by Unlisted Companies via Private Placement, which expanded the issuers from innovative start-ups to unlisted companies.

September

September 11 DAI Wenhua, Party Committee Secretary and Chairman of the Board of CSDC, was elected as the Chairman of the Asia-Pacific Central Securities Depository Group (ACG) at its 23rd Annual Conference held in Kathmandu, Nepal.

September 27 CSDC revised and released the Implementation Rules for ETF Registration and Settlement on Shenzhen Stock Exchange.

October

October 21 CSDC officially started to use the electronic vouchers in the registration of securities pledges with securities companies serving as agents and the online securities inquiry business.

October 25 CSDC released the 2018 Disclosure Report for Principles for Financial Market Infrastructures.

November

November 22 CSDC released the Notice on the Matters concerning the Cash Collateral of Pledged Repo to market player, and launched the cash collateral business for pledged repo on the SSE on November 25.

December

December 6 CSDC revised and released the Guidelines on Securities Accounts of Special Institutions and Products, removing the operational obstacles that prevented banks’ wealth management funds from entering the market.

December 20 CSDC revised and released the Settlement Reserves Management Measures, which lowered the proportion of minimum reserves for securities except bonds from 20% to 18%.

December 23 CSDC spared no effort to support SSE and SZSE in rolling out the CSI 300 ETF options, the first cross-market ETF option product in the Chinese securities market.

December 27 CSDC, along with the NEEQ, released the Rules on Transfer by Agreement Relating to Specific Matters of the National Equities Exchange and Quotation, which optimized the transfer by agreement.

December 31 CSDC and SZSE jointly released the Implementation Rules for H-Shares “Full Circulation”.

January

January 17 CSDC Hong Kong Subsidiary selected as Treasurer of the Asia Pacific Central Securities Depository Group (ACG).

January 29 CSDC launched the Private Placement Asset Management Product Look-through Project (Phase I), further strengthening the management of PE fund accounts and other accounts, and adopting the “look-through approach” in supervision.

February

February 28 CSDC wrapped up the code change and registration business for Qihoo 360 which merged with SJEC Corp, a shell entity. Qihoo 360 thus got listed on the A-share market.

March

March 2 The 10-year Bond (511310), the first bond ETF redeemed in cash, was offered on the SSE.

April

April 20 The “Entrepreneurship and Innovation” Convertible Bond System went live smoothly.

May

May 10 CSDC published Rules on Implementing the Disposal Business of To-be-punished Securities.

May 10 CSDC successfully held the 20th ACG Cross Training Seminar in Shanghai.

May 18 CSDC officially introduced the online business booking and the advance business form filling services.

June

June 1 The Front-end Risk Control Regulation on Funds of Securities Transactions was put into use smoothly.

June 11 The pilot business of H-share “full circulation” was officially launched.

June 15 CSDC released the Registration and Settlement Business Rules of Depository Receipts.

July

July 23 CSDC signed the MOU on Judicial Queries in Securities Networks with the Economic Crime Investigation Bureau of the Ministry of Public Security.

July 30 The pledged bond tripartite repurchase business made a smooth debut and related business rules were officially published.

August

August 15 CSDC issued the Notice on Matters Concerning the Opening of A-Share Accounts for Eligible Foreigners, making clear that eligible foreigners can open A-share accounts.

August 31 CSDC issued the Notice on Business Application with the Residence Permits for Residents of Hong Kong S.A.R., Macau S.A.R. and Chinese Taipei Residents, making clear that residents of the three areas can apply for business with their residence permits in accordance with relevant business rules.

September

September  26 The look-through mechanism (the investor ID system) for the Northbound Trading Link under the Shanghai/Shenzhen-Hong Kong Stock Connect initiatives became effective.

October

October 21 CSDC APP (V2.0) was launched.

November

November 6 CSDC signed a strategic cooperation agreement with Inspur Electronic Information Industry Co., Ltd. in Beijing.

November 21 System adaptation for domestic commercial cryptography application was completed, and the D-COM commercial cryptography change project was launched officially.

December

December 25 First case of switch of fund management company settlement model transition completed.

l         January

ž   January 18

ž   CSDC announced the results of securities companies’ check of their account services and of onsite checks in 2016, requiring securities companies to continue to strictly implement the real-name account system and properly review the opening of real-name accounts.

ž   January 24

ž   CSDC issued Detailed Rules for the Implementation of Central Fund Registration Data Interchange Platform Services and Guidelines for Central Fund Registration Data Interchange Platform Services to publicly solicit comments from the market.

l        February

ž   February 23

ž   CSDC issued amendments to Detailed Rules for the Implementation of Listed Open-End Fund Registration and Settlement Services and Guidelines for Shenzhen Stock Exchange-Listed Open-End Fund Registration and Settlement Services to publicly solicit comments from the market.

l        March

ž   March 15

ž   CSDC held the third March 15 Investor Rights and Interests related educational activity themed “Improving the Level of Insurance by Means of Services, and Promoting Change in Services by Means of Insurance”.

ž   March 22

ž   CSDC held a training session on improving pledged bond repo risk management.

l        April

ž   April 7

ž   CSDC issued and implemented Guidelines for Pledged Repo Qualification Criteria and Standard Bond Discount Factor Value Setting Services.

l        May

ž   May 22

ž   The reform of the repo interest rate formation mechanism on the Shenzhen market was smoothly completed.

l        June

ž   June 30

ž   CSDC issued Circular on Announcing the Key Information for Securities Pledging Registration.

l        July

ž   July 21

ž   CSDC issued Interim Measures of China Securities Depository and Clearing Corporation Limited for Settlement in Pledged Bond Repo Services upon Suspension of Trading.

ž   July 22

ž   Technical systems related to the reform of the way to issue convertible bonds and exchangeable bonds smoothly went live.

l        August

ž   August 3

ž   CSDC fulfilled the advance compensation for Xintai Electric’s fraudulent issuance.

l        September

ž   September 8

ž   Convertible bonds and exchangeable bond issuance reform related service rules were issued and implemented.

l        October

ž   October 20

ž   CSDC smoothly completed the issuance, registration and listing of the first “Shuangchuang” convertible bond.

l        November

ž   November 12

ž   CSDC sent a working group to Astana to provide onsite consultancy services for the building of the clearing and settlement system of Kazakhstan’s Astana International Exchange.

ž   November 15

ž   CSDC, working with Hong Kong Exchanges and Clearing Limited, Pakistan’s Central Depository Company and India’s National Securities Depository Limited to jointly represent the Asia-Pacific Central Securities Depository Group (ACG), successfully held the World Forum of Central Securities Depositories 2017 Conference (WFC 2017) in Hong Kong.

ž   November 24

ž   The new generation central data interchange platform formally went into operation.

ž   November 25

ž   CSDC’s WeChat Customer Service Centre formally went live.

l        December

ž   December 1

ž   CSDC and the Shanghai and Shenzhen Exchanges jointly issued Rules of the Shanghai Stock Exchange, the Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited for Front-End Risk Control Services for Funds Used in Securities Trading.

ž   December 25

ž   CSDC’s new generation online service platform smoothly went live.

l  January

ž   January 8

ž   Guidance for Registration and Settlement of Initial Public Offerings in Shenzhen Market revised and released.

ž   January 29

ž   Launched active pushing service to notice issuers of shareholding changes of shareholders holding over 5% of the issuer’s shares.

l  February

ž   February 1

ž   Direct data linkage between the New Third Board registration and settlement system and the Unified Account Platform went on line.

ž   February 2

ž   CSDC completed the registration and settlement for the IPO of “Eastern Pioneer” (603377), the first IPO since the rule for market value-based subscription and allocation came into effect, marking the successful implementation of the new rule.

ž   February 22

ž   Revised and released the Guidelines for the Tender Offer of Listed Companies in association with the SZSE.

l  March

ž   March 2

ž   Completed the first share exchange of public placement exchangeable bonds.

ž   March 21

ž   Dividend tax system for funds mutually recognized between the Mainland and Hong Kong went online.

l  April

ž   April 20

ž   Beijing Branch’s issuer preferred stock initial registration business went online.

ž   April 21

ž   Released the Notice on Matters Relating to Securities Accounts Opened by Managers of Privately Offered Funds.

l  May

ž   May 9

ž   SZSE new-generation trading system went on line, with CSDC support and cooperation.

l  June

ž   June 1

ž   Completed first bondholder meeting online voting.

ž   June 20

ž   Phase II of “All at One Counter” project launched, enabling one-stop registration and depository counter service for investors.

l  July

ž   July 1

ž   Electronic system for bond interest and redemption payment launched.

ž   July 5

ž   Completed the first share exchange for exchangeable private placement bonds.

l  August

ž   August 1

ž   CSDC Unified Account Platform officially extrended to cover financial futures.

ž   August 5

ž   Completed SSE’s first B shares tender offer business.

ž   August 8

ž   Preferred stock settlement and the non-guaranteed settlement services for National Equities Exchange and Quotations (NEEQ) went on line.

ž   August 15

ž   Completed the first share split and consolidation business for Hong Kong Stock Connect stocks.

ž   August 15

ž   Independent option exercise for SSE stock incentive plan launched.

l  September

ž   September 9

ž   Multi-layered customer service system went online, with intelligent customer service at its core.

l  October

ž   October 11

ž   Completed the first stock delisting for Hong Kong Stock Connect.

ž   October 14

ž   Revised Securities Account Business Guide released, with the maximum number of securities allowed for each investor adjusted to three.

ž   October 24

ž   Started using bond valuation to calculate discount rate of pledged standard bonds.

l  November

ž   November 28

ž   Unified register service launched.

l  December

ž   December 5

ž   Shenzhen-Hong Kong Stock Connect opened.

ž   December 10

ž   Unified pledge registration factor program went online, providing support for prevention against securities pledge financing risks.

ž   December 15

ž   Participated in Financial Stability Assessment Programme of China by IMF and World Bank.

ž   December 15

ž   Administrative Guidelines for Settlement Participants (2017 revision) released, establishing the comprehensive evaluation system of settlement participants.

ž   December 28

ž   The pilot test of Supreme People’s Court’s special online check-up and control system went online.

·January 

·January 19   

·The CSDC issued the Settlement Participants Management Work Guide, to further formalize the operation work flow for settlement participants management;

·January 19

·Official launching of all true operation drill for stock option in Shenzhen stock market;

·January 26

·Launching the derivative contract account;

·January 26   

·Continually optimizing the Shanghai-Hong Kong Stock Connect program mechanism, and supporting and cooperating the two “Shanghai-Hong Kong Stock Connect HSI ETF” Nanfang Fund and Huaxia Fund to list and trade at SSE;

·January 29   

·The CSDC signed the strategic cooperation agreement with Beijing Equity Transaction Center;

·February

·February  9   

·In cooperation with the SSE, the CSDC launched the first stock option on the capital market of China —— SSE 50ETF option;

·February  17     

·In cooperation with the SSE, the CSDC launched the bond pledge type agreement-based repurchase service;

·February  26

·The special institution custodian settlement mode of Beijing Branch was live smoothly; 

·March     

·March  30    

·The CSDC completed the changeover of cross-border ETF cash subscription settlement mode from T+1 day specific deal full amount settlement to RTGS settlement, further increasing the ETF capital subscription efficiency of SZSE;

·April

·April 13  

·The CSDC issued the Circular on Cancelling the One Person One Account Restriction for Security Accounts Including Natural Person Investor Stock A, fully lifting the restriction “one person one account”;

·April14   

·The CSDC completed the initial quota registration of two SSE LOF products, and SSE realized the start of floor trading of open-ended fund;

·May

·May 11   

·The securities account service online platform was brought online, enabling security companies and custodian banks to submit securities account opening request for special institutions and products remotely via the platform;

·May 15   

·The CSDC completed the 2015 all-market disaster recovery drill for registration and settlement system;

·May 25   

·The payment channel of CSDC Shenzhen Branch for interagency privately offered product pricing and service system was online, further increasing the capital application efficiency of settlement participants;

·June

·June 25    

·The CSRC carried out external evaluation of the CSDC on Financial Market Infrastructure Principles;

·June 29   

·The CSDC cooperated with SSE to launch the first bond lending service;

·August

·August 1

·The transfer fee of stock A was adjusted on a unified basis to 0.02‰ of the transaction amount, to be charged respectively from both seller and buyer;

·August 5

·The differentiated tax levying system for new third board dividends and the associated BPM system went live;

·September

·September 12   

·The CSDC completed the settlement system switchover for CITICS consolidation by merger of CITICS (Zhejiang);

·September 20   

·In cooperation with the SZSE, the CSDC launched the bond pledge type agreement-based repurchase;

·September 21   

·Internet handling was realized for all daily operations of new third board registration; 

·September28

·The exchange system of CSDC for data to be validated of delisted companies officially went live; 

·October

·October 1    

·Pilot of unified public security online verification service was launched, greatly reducing the cost in the sector;

·October 7

·The CSDC completed the upgrading and expansion of data base system

·November

·November 3

·The Guide for Registration and Settlement Operation of Preference Shares of the CSDC Beijing Branch was issued for implementation;

·November 23    

·The CSDC completed the registration of the first preference share of the SZSE (non-publicly offered by the Bank of Ningbo);

·November25

·The work of standard bond conversion rate dynamic adjustment was launched.

·November 25

·The CSDC completed the testing work for earnings document receipt and payment by agent in Shanghai FTZ;

·December

·December 4

·The CSDC held the symposium on “Dec. 4 national legal publicity day and investor education activity”;

·December 29    

·January
·January 7
·The first batch of China Development Bank’s policy financial bonds, for which the CSDC provided registration and settlement services, were listed on the Shanghai Stock Exchange.

·January 9
·The CSDC completed the first online issuance, registration and settlement for IPO (Neway Valve) subscription at market value on the Shanghai Stock Exchange after the IPO system reform.

·January 16
·Livzon’s H shares were listed on the Hong Kong Stock Exchange and provided with cross-border B-to-H Share Transfer custody by the CSDC.

·January 27
·The CSDC established its unified settlement risk monitoring system (phase I).

·February
·February 17
·The CSDC began to provide Real-Time Gross Settlement System (RTGS) service to the private placement bonds of medium and small enterprises, the junior bonds of securities companies and asset securitization products on the Shenzhen Stock Exchange.

·April
·April 4
·The CSDC began to open securities accounts for private placement funds on the Shenzhen Stock Exchange.

·April 11
·The CSDC held the first settlement participants’ conference.

·May
·May 9
·The CSDC, by working with the Shanghai Stock Exchange and the Shenzhen Stock Exchange, amended and issued Measures for Online Subscription of IPOs at Market Value.

·May 19
·The securities trading, registration and settlement system on the National Equities Exchange and Quotations went live in Beijing, Beijing Branch undertook the function of share transfer, registration and settlement

·June
·June 12
·The CSDC for the first time achieved bonus issue (Lujiazui) smoothly in the R+1 day mode, remarkably shortening the cash bonus issue cycle of A shares on the Shanghai Stock Exchange.

·June 20
·The CSDC issued and implemented Rules for the Implementation of the Pilot Registration and Settlement of Preference Shares.

·June 27
·The CSDC amended and issued The Threshold for Pledged Repo Trading and the Haircut of Standard Bonds.

·June 30
·The system for the Pledged Repo Trading of funds of CSDC’s Shenzhen branch went live.

·July
·July 18
·The CSDC smoothly completed the split share structure reform of Sunyoung Industry (000670) listed on the Shenzhen Stock Exchange.

·August
·August 25
·The market making related registration and settlement service on the National Equities Exchange and Quotations went live.

·August 25
·The CSDC amended and issued Rules of China Securities Depository and Clearing Corporation Limited for the Management of Securities Accounts, establishing investor-oriented multilevel securities account architecture and lifting the restriction of “one person, one account”.

·September
·September 4
·Cash management products of securities companies with The CSDC as the custodian amounted to over 100 billion RMB.

·September 4
·The CSDC, the Shanghai Stock Exchange, the Hong Kong Stock Exchange and Hong Kong Securities Clearing Company Limited signed in Shanghai Four-Party Agreement on the Shanghai-Hong Kong Stock Connect Mechanism.

·October
·October 8
·The unified account platform was launched.

·October 17
·The CSDC issued Circular on Further Provision of Online Voting Services to Securities Holders’ Meetings, extending CSDC’s online voting services to more types of companies, including listed companies, listed companied of stock transfer system of national medium and small enterprises, delisted companies, fund corporations, bond issuers and other types.

·October 23
·The CSDC issued Notice on Measures to Further Improve Repurchase Risk Management, standardized the management of rating information of pledged securities.

·November
·November 7
·The CSDC issued videos regarding the protection of its investors.

·November 12
·The CSDC completed the first registration of preference shares (the Agricultural Bank of China).

·November 17
·The CSDC launched the Shanghai-Hong Kong Stock Connect pilot program, achieving cross-border and cross-market registration and settlement connectivity.

·November 26
·The CSDC’s Beijing branch launched online registration and settlement services.

·December
·December 8
·The CSDC launched the “All-at-One-Counter” service, by which an investor can handle the registration and depository of nonlocal listed or quoted securities at a counter of the CSDC’s Beijing, Shanghai or Shenzhen branch.

·December 18
·The number of listed companies on the National Equities Exchange and Quotations, to which the CSDC provides registration and settlement services, totaled more than 1,500.

·December 26
·The CSDC held an awarding conference to recognize securities account aggregation efforts, awarding 20 account opening agencies “Advanced Entities” and 111 people “Advanced Individuals in Securities Account Aggregation”.

·         December

December 29

The system of the “differentiated collection of tax on dividends distributed to individuals” project was successfully launched.

·      December 28

73 companies and 237 fund distributors in total were connected to the central fund data exchange platform.

·      December 28

CSDC completed the opening of the first A-share securities account for foreign nationals holding a permanent residence permit in China.

·      December 27

CSDC formed a work team for cross-border services to actively promote cross-border services.

·      December 18

The new version of the settlement participating institution management platform was successfully launched.

·      December 18

The “enterprise data warehouse (EDW) construction” project passed the general check for acceptance.

·      December 14

The “shift from B-share to H-share” project was launched to provide an innovative solution for B-shares reform.

·      December 13

CSDC completed the merger of fund shares of an ETF product for the first time.

·      December 10

The CSDC’s Phase I open-ended fund TA system on the business process management platform was successfully launched, and the Phase I TA parameter management platform was put into use officially.

·      December 3

CSDC issued and implemented the Measures for the Management of the Conversion Rates of Standard Bonds (2012 Revision).

·         November

November 30

CSDC issued the Notice on Applying Differentiated Individual Income Tax Policies to the Dividends Distributed by Listed Companies.

·      November 22

The new term of the Risk Management Committee of CSDC was established to further strengthen risk management.

·      November 16

The assets deposited at CSDC exceeded 10 billion for the first time.

·      November 14

CSDC successfully completed the security protection of the registration and settlement system during the period of the 18th CPC National Congress.

·      November 12

CSDC issued and implemented the Measures for the Management of Securities Settlement Margins.

·      November 11

CSDC formed a team for coordination in the building of corporate culture.

·      November 8

Information Base Construction Company completed tasks related to the feasibility study of the information base project.

·      November 1

CSDC held a symposium on supporting the innovative development of securities companies, and introduced ten measures to support the innovative development of securities companies.

·         October

October 10

CSDC adopted the Plan for the Integration of Securities Account Services, deciding to create a multilayered investor account framework compatible with the current account system.

·         September

September 21

Shenzhen Branch issued the Business Guide to the Securities Accounts of Special Investors.

·      September 20

CSDC issued and implemented the Guide to the Standards for the Cash Management Product Plans of Securities Companies jointly with the Shenzhen Stock Exchange, and cash management products shifted from pilot practice to routine operation.

·      September 17

CSDC established a work team for the new third board registration and settlement business to accelerate registration and settlement preparations for the new third board.

·      September 16

Beijing Data Technology Branch started to provide externally the pilot service of cloud storage of data for disaster recovery.

·      September 10

CSDC successfully provided the first vote collection service for refinancing securities companies.

·         August

August 31

The business of using monetary market funds redeemed on the T+1 day was officially launched.

·      August 27

The collateral management system was officially launched, and 11 securities companies were officially connected to the system and provided collateral to China Securities Finance Corporation Limited.

·      August 26

CSDC issued and implemented the Rules for the Securities Lending and Refinancing Registration and Settlement Business (for Trial Implementation).

·      August 20

CSDC entered into an agreement on the entrusted management of refinancing margins with China Securities Finance Corporation Limited.

·      August 14

CSDC established a work team for services of the integration of securities accounts to officially initiate the integration of securities accounts.

·      August 9

CSDC completed the issuance registration of the first cross-border ETF product.

·      August 3

CSDC issued and implemented the Notice on Issues related to the Account Opening and Settlement for Trust Products to resume account opening for trust products.

·         July

July 16

The system of the “bond settlement mode adjustment” project of Shenzhen Branch was officially launched.

·      July 2

CSDC entered into a Memorandum of Understanding with Depozitarul Central, Romania (hereinafter referred to as “DC”).

·         June

June 25

The RTGS business system of Shanghai Branch was launched; the best speed record of this settlement method was three minutes and 22 seconds in 2012.

·      June 13

CSDC established an Office for Disciplinary Inspection and Supervision.

·      June 8

CSDC completed the issuance and registration of the first Private Placement Bonds of small- and medium-sized enterprises.

·         May

May 22

CSDC issued and implemented the Detailed Implementation Rules for the Registration and Settlement in the Pilot Program of the Private Placement Bonds of Small- and Medium-sized Enterprises.

·      May 22

Securities accounts were opened for the first time for the specific-client-oriented asset management products of fund management companies.

·      May 21

CSDC issued and implemented the Measures for the Management of Company Information Statistics.

·      May 21

The pilot program of pledge registration agency of securities companies was officially launched.

·      May 19

The business system for the participation of convertible bonds in bond repurchase projects of Shanghai Branch was launched.

·      May 13

The construction project of the “platform for the electronic declaration of participants” of Shanghai Branch won a third prize for financial innovations in Shanghai in 2012.

·         April

April 28

The fund supervision and account checking system on the central fund data exchange platform was officially launched.

·      April 27

The independent equity incentive and exercise system of Shenzhen Branch was launched.

·      April 5

CSDC assisted the Shanghai and Shenzhen stock exchanges in offering the first group of two cross-border ETF products.

·         March

March 31

The communication networks in the three locations were upgraded and switched.

·      March 30

CSDC issued the Notice on Launching the Remote Securities Inquiry Business to officially promote the remote securities inquiry business across the market.

·      March 23

CSDC issued the revised detailed implementation rules for the registration and settlement of exchange traded funds on Shanghai and Shenzhen stock exchanges to support the registration and settlement of cross-market and cross-border ETFs in terms of rules.

·         February

February 27

CSDC completed the signing of securities fund settlement agreements with all custodian banks.

·      February 25

The project of “e-channel for issuers and business transfer of account opening agencies” under the Phase III of BPM of Shenzhen Branch was launched.

·      February 17

The first RQFII securities account was opened.

·      February 12

The China Capital Market Standards website was launched, realizing the electronic processing of standards and code inquiries, retrieval and information release.

·      February 6

CSDC established a leading group and an office for the OTC work to provide more support to OTC market construction.

·      February 6

CSDC established a leading group and an office for bond development to provide more support to the reform and development of the bond market.

·         January

January 16

The first trade of securities which were frozen but not restricted from sale was successfully handled.

·      January 5

CSDC formed an audit team to comprehensively strengthen audit and internal control.

·         December

December 31

In 2011, CSDC approved the eligibility of a total of 14 listed commercial banks as settlement participants to participate in the bond markets of stock exchanges.

·      December 31

The TA systems of all 67 fund companies in the fund industry were successfully connected to the central exchange platform for fund registration data.

·      December 30

China Futures Margin Monitoring Center Co., Ltd. began to submit testing data to Beijing Data Technology Branch.

·      December 17

CSDC completed the full network testing of Hong Kong stock ETF on the Shanghai and Shenzhen stock exchanges.

·      December 10

The Phase III of Shanghai Branch’s expansion of securities amount digits was put to use, and the registration and settlement system has since supported 999.9 billion (share/unit/yuan) in securities amount recorded for a single business (excluding securities freezing, non-trade transfer, and account pledge repurchase business).

·      December 9

CSDC issued and implemented the Detailed Implementation Rules for the Margin Trading and Short Selling Registration and Settlement Business of China Securities Depository and Clearing Corporation Limited, to further regulate the margin trading and short selling registration and settlement business.

·         November

November 28

Shanghai Branch completed all registration and settlement on the first day the pilot pledge-style bond quotation repurchase business was expanded.

·      November 21

CSDC issued the Notice on Further Regulating the Submission of Intensive Backup Data of a Fund, putting forward further requirements on regulating the intensive backup data of fund companies.

·      November 15

CSDC issued the Detailed Implementation Rules for the Pledge-style Bond Quotation Repurchase Transactions and Registration and Settlement Business and related documents to securities companies in the pilot program, jointly with the Shanghai Stock Exchange.

·      November 15

Shanghai Branch completed the issuance registration of the first bond issued by the local government, the “11 Shanghai 01.”

·      November 14

CSDC issued the Notice on Supplementary Issues concerning the Securities Investment Transactions of Insurance Institutions, jointly with the Shanghai and Shenzhen stock exchanges, to further regulate account opening, settlement, and other matters involved in the transactions conducted by insurance companies through leasing transaction units.

·      November 8

CSDC assisted the Shenzhen Stock Exchange in offering the first cash management product of a securities company, the “Cinda Cash Plate Collective Asset Management Plan.”

·      November 1

CSDC issued the Guide to the Securities Account Management Business of the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited to account opening agencies.

·      November 1

Shanghai Branch completed the relevant securities and fund transfer for transactions conducted on October 31, the first day of transaction of the pilot agreed repurchase securities.

·         October

October 17

The optimized functions for remote securities inquiry of Shenzhen Branch were smoothly put to use, and a non-resident investor has since been able to obtain a written shareholding certificate directly mailed by the Shenzhen Branch upon application through a securities company.

·      October 13

Shanghai Branch successfully handled the first registration of negotiable B-share pledge.

·      October 12

CSDC formed a cross-border ETF work team to make full preparations for Hong Kong Stock ETF.

·      October 11

CSDC issued the Detailed Implementation Rules for the Agreed Repurchase Securities Transactions and Registration and Settlement Business and related documents to securities companies in the pilot program, jointly with the Shanghai Stock Exchange.

·      October 8

The asset custody system was officially launched.

·      October 1

Shanghai Branch smoothly completed adjustment of charges for non-trade securities transfers, realizing for the first time uniform charges for non-trade securities transfers in Shanghai and Shenzhen.

·         September    

September 30

CSDC issued the Guide to the Non-trade Securities Transfer Business of the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited and launched the related system functions on the same day.

·      September 28

CSDC issued the Guide to the Restricted Share Registration and Depository Business of the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited (2011 Revision).

·      September 19

Shanghai Branch smoothly completed the first corporate bond repurchase business, “04 Southern Power Grid (1).”

·         August

August 13

Shanghai Branch expanded the digits of the serial number of settlement accounts, and the possible number of daily accounts processed by the registration and settlement system has since exceeded 990,000 and reached 999.9 billion.

·      August 11

CSDC issued the Notice on Issues concerning the Securities Investment Transactions of Insurance Institutions, jointly with the Shanghai and Shenzhen stock exchanges.

·      August 11

The Tagong Primary School of Kangding County, Ganzi Prefecture, Sichuan Province, to be constructed under the support of CSDC, held a ceremony to lay the foundation for its teaching complex.

·      August 7

CSDC completed the collection of schemes for the overall architectural planning of the information base of the securities and futures industry.

·         July

July 21

CSDC approved Bank of Beijing to be the 17^th settlement bank that may provide full services for securities fund settlement (excluding three QFII settlement banks).

·      July 14

CSDC issued the Detailed Implementation Rules for the Non-trade Securities Transfer Business (applicable to inheritance, gift, legal division of property, loss of legal person status, and so on) to further standardize the company’s non-trade securities transfer business.

·      July 12

CSDC started the electronic platform project for the codes and standard service center of the securities and futures industry.

·      July 10

Beijing Data Technology Branch completed the safety test of the CSRC’s public website and started technical support for industry safety.

·      July 4

CSDC completed the first corporate bond repurchase business, “08 New Lake Bond”.

·      July 1

        The account system upgrade project of Shenzhen Branch was launched.

·         June

June 25

Shenzhen Branch completed the production of the basic platform for open systems and the construction of the disaster recovery system.

·      June 14

CSDC initiated the relevant work on appraisal of the Securities Law according to the working requirements of the CSRC.

·      June 1

CSDC issued the Notice on Relevant Matters Including the Identification Documents Submitted by Overseas Investors for Registration.

·         May

May 30

The new version of D-COM system of Shenzhen Branch was launched.

·      May 11

The application functions for the enterprise data warehouse system (EDW) were recommended and put to trial use for the first time in Shanghai and Shenzhen Branches.

·      May 4

Shenzhen Branch completed the Pangang Fantai merger project.

·      May 4

CSDC established a task force for settlement risk monitoring and conducted research to establish a system for the quantitative evaluation of settlement risks of settlement participants.

·         April

April 25

To further enhance services for settlement participants and support the development of market innovations, from this day, Shanghai Branch extended the hour for settlement participants to make external fund transfers from 15:00 to 15:30.

·      April 21

The functions for electronic handling of the PROP account and custody business of Shanghai Branch were officially put to use, and the PROP business office was officially open for business.

·      April 20

Shenzhen Branch entered into a memorandum for bond-related business with the Shenzhen Stock Exchange.

·      April 11

        CSDC handled the Shanghai market’s first share donation to a foundation (a shareholder of Fuyao Glass (600660) donated 300 million shares to Heren Foundation).

·      April 20

        CSDC issued the Notice on Opening Securities Accounts for Commercial Banks to support listed commercial banks’ access to the bond markets of stock exchanges.

·         March

March 30

CSDC established Securities and Futures Industry Information Base Development and Construction Co., Ltd. for the uniform planning, construction, and management of information base projects for the securities and futures industry.

·      March 30

CSDC celebrated its 10^th anniversary.

·      March 17

The project of “electronic bank interest settlement” of Shenzhen Branch was put to use and bank interest settlement can since be completed electronically.

·         February

February 28

CSDC completed the initial issuance registration of the 2011 corporate bonds of Guotai Junan Securities Co., Ltd., the first placement of corporate bonds for a securities company.

·      February 26

The Phase II Business Process Management (BPM) system of Shenzhen Branch was put to use.

·      February 24

CSDC started to use the uniform code for settlement participating institutions.

·      February 21

CSDC took multiple measures to properly respond to abrupt inquiry peaks as a result of the launch of applications for economically affordable housing in all districts and counties of Shanghai Municipality.

·      February 17

Shenzhen Branch completed formalities for opening a special bond settlement account for the first commercial bank (China Merchants Bank).

·         January

January 26

CSDC established a leading group and work team for the construction of a new version of the registration and settlement system and initiated the construction of the new version.

·      January 21

The project of “custody transfer for restricted negotiable shares (securities companies)” in Shenzhen Branch was launched, realizing custody transfer of restricted negotiable shares through securities companies.

·      January 15

        The A-share real-time account opening interface under the Phase II function improvement of the account opening agency management system of Shanghai Branch was put to use after adjustment.

·      January 11

        The project of “electronic pledged securities registration business of investors” won a third prize for financial innovations in Shanghai in 2010.

·      January 7

        CSDC established the work team for the Enterprise Resource Planning (ERP) project and officially initiated the construction of the ERP project.

·         December

December 31

CSDC assisted CSRC in completing the FSAP assessment of the financial sector, including the first systematic and thorough assessment of China’s securities registration and settlement system.

·      December 31

CSDC completed central backup of funds industry TA data.

·      December 30

CSDC revised and released Business Guide of China Securities Depository and Clearing Corporation Limited for Share Registration and Fund Settlement of Open-end Securities Investment Fund and Securities Firms’ Collective Asset Management Schemes.

·      December 28

The national customer service hotline, 4008-058-058, was officially put to use.

·      December 21

The securities information inquiry function with low-income families was started on the website of CSDC.

·      December 6

Three listed commercial banks completed their first bond trading on Shanghai and Shenzhen stock exchanges, and CSDC smoothly handled related securities and fund settlement on the next day, marking the official launch of the return of listed commercial banks to the exchange-traded bond market.

·         November

November 30

The ERP project, an enterprise resource management scheme designed for the uniform management of human resources and assets and efficient using of the common resources of CSDC, was initiated.

·      November 12

The project on QFII tax withholding in bond redemption, reselling and batch cash-in was launched.

·      November 5

In cooperation with the Shanghai Stock Exchange, CSDC allowed the treasury bonds listed only in the fixed income platform or only in the centralized bidding system to be listed in both trading systems.

·      November 1

CSDC Shanghai Branch organized the first video training for clearing and settlement participants via the video training platform, realizing remote training for the whole market.

·         October

October 28

CSDC Shanghai Branch completed the issuance registration of the first insurance company bond (Taikang Bond).

·      October 22

        CSDC Shanghai Branch took C-I level special protective measures for the closing period of the World Expo.

·         September

September 16

CSDC hosted the 12^th ACG Cross Training Seminar with 108 representatives of 31 institutions from 22 countries and regions.

·      September 6

The survey of Beijing Municipal Bureau of Civil Affairs on information of low-income family members was conducted, and the pilot program of survey on securities information of low-income families by the civil affairs authorities was officially launched.

·      September 1

CSDC attended for the first time and successfully hosted the 42^nd Mainland-Hong Kong Securities Regulatory Cooperation Group Meeting.

·         August

August 31

The Detailed Rules for the Implementation of the Measures for the Self-disciplinary Management of Securities Registration and Settlement Participating Institutions was released.

·      August 27

The project on preventing new multiple accounts of one investor in the real-time account opening system of CSDC Shenzhen Branch was launched.

·      August 21

The first-phase BPM system independently developed by CSDC Shenzhen Branch was officially launched.

·      August 19

The fund share conversion and split project was initiated.

·      August 16

The business network data exchange platform of CSDC Shenzhen Branch was officially launched.

·      August 14

CSDC Shanghai Branch completed the upgrade and renovation of the core office network system to improve system security.

·      August 10

The development and testing of monthly statistics reports of “two exchanges and one company” as organized by the Market Supervision Department of CSRC was completed.

·      August 6

        The project on shares capital data transmission from the third board system to stock exchanges was launched.

·      August 2

        The overall design of the enterprise-level data warehouse construction project was completed.

·         July

July 31

CSDC Shenzhen Branch completed the upgrade and renovation of clearing and settlement gatekeeper system.

·      July 26

The Guide for Securities Issuers’ Dividends Distribution and Rights Offering Registration of CSDC Shenzhen Branch was released.

·      July 16

        CSDC issued to all account-opening agencies the Notice on Self-check of the Account-Opening Agency Business, officially launching the inspection on the account-opening agency business of securities companies.

·      July 6

         All of the 19 A-share settlement banks of CSDC Shanghai Branch accomplished electronic recording of interests and dividends in account.

·      July 5

        CSDC Shanghai Branch began to send data files of clearing and settlement reserve balance to clearing and settlement participants on a daily basis, instead of the previous quarterly basis.

·      July 3

        The comprehensive clearing and settlement communication hot backup renovation project of CSDC Shenzhen Branch was launched.

·      July 1

CSDC issued to the market the Notice on Cross-Market ETF Subscription and Redemption Scheme and Change of Interfaces.

·      July 1

The LOF QDII registration and settlement services were introduced to the market.

·         June

June 25

CSDC Shanghai Branch released the amended Technical Guide for Safe Access of PROP System.

·      June 17

The cross-market debiting business of CSDC Shenzhen Branch was launched.

·      June 10

CSDC began transmitting data to China Financial Futures Exchange via the cross-market supervision platform so as to enhance cross-market risk control.

·         May

May 31

CSDC Shanghai Branch successfully completed the registration and settlement of the first corporate bond listed only on the fixed income platform and gross-settled, 09 Yihua Bond.

·      May 8

OA document system and mail system of the CSDC Head Office were separated.

·         April

April 19

The fund split service and fund reverse split service started to be provided for the market.

·      April 17

To ensure the security of financial services during the Shanghai World Expo, CSDC Shanghai Branch successfully organized the 2010 Registration and Settlement System Disaster Emergency Drill.

·      April 9

The Enterprise-level Data Warehouse (EDW) Construction Project was launched.

·      April 7

The dividend refund electronic system of CSDC Shenzhen Branch was officially launched.

·      April 7

The Business Guide for the Shareholder List Service was amended and released.

·         March

March 31

The margin trading business for the first day was successfully processed.

·      March 29

CSDC Shanghai Branch officially launched the receivable and payment agency business for cash balance of ETF subscription and redemption.

·      March 29

The Business Guide for Pilot Margin Trading Registration and Settlement of China Securities Depository and Clearing Corporation Limited Shanghai Branch was released.

·      March 24

A number was successfully assigned to the first credit account of margin trading.

·      March 22

The Business Guide for Pilot Margin Trading Registration and Settlement of China Securities Depository and Clearing Corporation Limited Shenzhen Branch was released.

·      March 17

The first ETF available for multiple-days online subscription with cash, E-Fund Mid-Cap ETF on Shanghai Stock Exchange, was issued.

·      March 12

Business training seminar on the new TA system was held.

·      March 4

CSDC Shanghai Branch successfully completed the absorption and stock code change of Shanghai Pharmaceutical, the first case of stock code change of listed companies on Shanghai Stock Exchange.

·      March 3

CSDC Shanghai Branch successfully completed the registration of Northeast Expressway separation, reorganization and listing, the first case on the domestic stock market.

·         February

February 10

CSDC Shenzhen Branch received ISO20000 certificate from British Standards Institution (BSI).

·      February 1

CSDC introduced its margin trading simulation test system, for the first time on working days providing a whole set of simulation test environment including trading, clearing and settlement for securities companies.

·         January

January 25

The real-time account opening system for partnership enterprises of CSDC Shenzhen Branch was officially launched.

·      January 12

The Guide for Securities Collateral Business of CSDC Shenzhen Branch was released.

·      January 4

The fingerprint and headshot collection system of CSDC Shenzhen Branch was officially launched.

·      January 1

As of 1 January 2010, CSDC started to assist the tax authorities in the levy of individual income tax on individual transfer of restricted shares of listed companies.

·         December

December 21

The CSDC initiated work on opening accounts for partnerships, and started to accept account opening applications from unincorporated organizations such as partnerships.

·      December 12

The third phase of the centralized monitoring system and the first phase of the business system capacity expansion project of the CSDC Shanghai Branch were officially put into operation;

·      December 12

The ITSM operation and maintenance management platform of the CSDC Shenzhen Branch was put into trial operation.

·      December 1

The project of automated dispatch of day-end batch processing operations of the registration and clearing system of the CSDC Shanghai Branch was completely put into operation, realizing automated running of day-end duty operations;

·      December 1

The CSDC released the Operation Guidelines on Securities Account Opening Services for Unincorporated Organizations such as Partnerships to standardize the securities account opening services for unincorporated organizations such as partnerships and unincorporated venture capital enterprises;

·         November

November 27

The CSDC completed the capital clearing of the first ETF issued with a feeder fund on the Shenzhen Stock Exchange.

·      November 23

The new-generation trading system of the Shanghai Stock Exchange was put into operation, marking CSDC’s successful switching to the new-generation trading system.

·      November 13

The CSDC formally commenced the online verification of the identity information of individual investors opening new securities accounts on each day through the National Citizen Identity Information Inquiry Service System, and released the related Notice on Doing a Good Job in Reviewing the Identity Information of Investors with Abnormal Account Opening Data Found in the Online Verification on November 20.

·      November 6

The D-COM declaration function for inter-market transfer of custody of enterprise bonds was activated, realizing the automated system control of the inter-market transfer of custody during the cashing or interest payment period of treasury bonds and enterprise bonds.

·      November 2

The first phase of the BPM project of the CSDC Shenzhen Branch was officially put into operation, aimed at realizing automated and standardized operations of business flows via an advanced workflow platform.

·         October

October 30

The CSDC held the Oct 30 Investor Advisory Day in Beijing, Shenzhen and Shanghai on the same day according to the arrangements for investor education.

·      October 28

The CSDC released the Notice on Matters regarding Starting the Electronic Declaration of the Inter-market Transfer of Custody of Enterprise Bonds, realizing the electronic declaration of the inter-market transfer of custody of enterprise bonds.

·      October 12

The CSDC Shanghai Branch SMS service system was officially put into operation.

·      October 5

The first batch of pilot flows of the business flow management system of the CSDC Shanghai Branch were formally put into operation.

·         September

September 30

The CSDC released the Detailed Rules for the Implementation of Pledge Registration of Securities.

·      September 25

The CSDC completed the transfer of the first batch of state-owned shares on the Shanghai Stock Exchange to the National Social Security Fund.

·      September 23

Upon the opening of the Growth Enterprise Market, ten new stocks including Qingdao TGOOD began initial public offering.

·      September 3

The CSDC released the revised Administrative Measures for Securities Fund Settlement Business of Clearing Banks.

·         August

August 25

The CSDC released the Guidelines of the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch on Inquiry about the Shareholding and Share Changes of Information Disclosure Obligors, realizing online services for inquiry about information disclosure obligors.

·      August 22

The host of the Web-based Architecture System (WAS) of the CSDC Shanghai Branch was successfully upgrade and put into operation.

·      August 10

The CSDC released the Guidelines on the Registration and Clearing Services for the Asset Management of Specific Clients of Fund Management Companies.

·      August 8

The host for the Stock Exchange Communication system (SSECOM) was successfully upgraded and put into operation.

·      August 7-11

The wide promotion and use of the issuer’s E-channel were realized in the listed companies on the Shenzhen Stock Exchange (including the main board and small- and medium-sized enterprise board).

·      August 7

The new version of open-end fund registration and clearing system was formally put into operation.

·         July

July 28

The pilot SMS service for investors was initiated to deliver service information messages to investors.

·      July 25

The electronic certificate system optimization project of the CSDC Shenzhen Branch was formally put into operation.

·      July 22

According to provisions of the Implementing Measures for the Transfer of Some State-owned Shares on the Domestic Securities Market to the National Social Security Fund issued by the Ministry of Finance, the State-Owned Assets Supervision and Administration Commission, the China Securities Regulatory Commission and the National Council for Social Security Fund and relevant documents, the CSDC handled the transfer registration of the first batch of state-owned shares transferred to the National Council for Social Security Fund.

·      July 20

The second phase of the CSDC Shenzhen Branch Customer Service Call Platform was formally put into operation.

·      July 13

The CSDC launched the investor’s initial trading date inquiry service on its website to assist in the eligibility management of investors in the Growth Enterprise Market.

·      July 6

The improvement project for the pilot entry of Zhongguancun Science and Technology Park companies into the share transfer agency systems was formally put into operation, realizing the common use of accounts and T+1 DVP settlement of shares and capital at the CSDC between the main board and the third board market of the Shenzhen Stock Exchange.

·      July 5

The first pilot flows of the business flow management system of the CSDC Shanghai Branch were officially put into operation.

·      July 5

The information monitoring data service system for state-owned shares in listed companies was introduced.

·      July 2

The CSDC successfully completed the issue of the first IPO project after the IPO system reform according to the guiding opinions on IPO of the CSRC.

·         June

June 30

The CSDC Shanghai Branch Call Center was officially put into operation.

·      June 29

The expanded account opening system of the CSDC Shanghai Branch was formally put into operation; important information such as the valid periods of investors’ identity documents, addresses indicated on them, and the serial numbers and valid periods of institutional investors’ organization code certificates, had been added.

·      June 29

The pilot business flow of the Business Flow Management Platform (First Phase) was put into trail operation, symbolizing that the CSDC Shanghai Branch had achieved electronic business flows by first using workflow patterns.

·      June 29

The open-end fund unsecured full settlement project was put into operation.

·      June 22

The CSDC completed the freezing of state-owned shares pending transfer on the Shanghai Stock Exchange, marking the formal start of the transfer of some state-owned shares on the domestic securities market to the National Social Security Fund.

·      June 12

The CSDC released the Detailed Implementing Rules for the Registration and Clearing of Stocks of Non-Listed Joint Stock Limited Companies in Zhongguancun Science and Technology Park Traded via Quote Transfer in the Stock Transfer Agency System of Securities Companies.

·      June 8

The account opening agency online management system was put into trial operation, providing services for account opening agency users on CSDC website, such as management of account opening agencies and outlets, modification of investor account data, non-trading transfer of circulating shares and vicarious inquiry about investor information.

·         May

May 25

The PROP data exchange system was formally introduced, providing a channel for mutual data exchange among PROP system users.

·      May 25

The CSDC formally launched the pilot service for bond pledge repurchase, and successfully completed all of the depository and clearing services on the first day.

·      May 25

The CSDC launched online services for issuers in the Shenzhen Stock Market on CSDC website, providing rights and interests distribution inquiry, information disclosure obligor inquiry, share data inquiry and other services.

·      May 18

The issuance batch processing improvement project of the CSDC Shenzhen Branch was formally put into operation.

·      May 8

The CSDC successfully completed the capacity expansion of securities accounts on the Shanghai Stock Exchange; after the expansion, the securities account resources increased by nearly 10 times than before, and the total capacity of securities accounts reached one billion.

·         April

April 25

The second phase of the electronic rights and interests project of the CSDC Shanghai Branch was put into operation; all of the core functions of the electronic rights and interests system of A shares had been realized.

·      April 24

The CSDC released the Notice on Establishing a Long-term Effect Mechanism for Securities Account Management and Further Strengthening Account Information Comparison to formally start implementing the submission of fund account data of clients of securities companies and comparison of account information according to the requirements of this notice from June 15.

·      April 21

The CSDC officially released the Technical Guidelines on PROP System Access Security for Clearing Participants to clearing participants to further escalate the level of market services.

·      April 3

The CSDC successfully completed the depository and clearing work for the first local government bond in 2009 - Xinjiang Bond.

·         March

March 30

The CSDC commenced providing the full price clearing service for corporate bonds, enterprise bonds and detachable convertible bonds traded at net prices. Since March 30, the full price settlement service has been provided for all of the bonds traded at net prices on the Shenzhen Stock Exchange.

·      March 26

The CSDC completed the service demand analysis and the designing of the application architecture, data architecture, technical architecture, operation and maintenance mode, overall implementation strategies, etc. for the enterprise-level data warehousing of the CSDC.

·         February

February 28

The real-time account opening hot-standby improvement project of the CSDC Shenzhen Branch was put into operation, improving the efficiency and stability of the real-time account opening system.

·      February 23

The CSDC successfully handled the first registration of pledge declared by the investor via PROP.

·      February 17

The CSDC Shanghai Branch launched the first independent test environment for depository and clearing technologies, providing daily technical testing services for clearing participants such as securities companies, custodian banks and clearing banks.

·      February 13

The rights and interests distribution system of the CSDC Shenzhen Branch resumed operation after improvement.

·         January

January 12

The first phase of the outgoing vouchers improvement project of the CSDC Shenzhen Branch was put into operation.

·      January 5

The CSDC signed a Supplementary Memorandum on the Collaborative Administration of Shares in a Listed Company Held by the Senior Management Personnel of the Company (Pledge Business) with the Shenzhen Stock Exchange to regulate the pledge of shares in a listed company held by the senior management personnel of the company.

·         December

December 31

The Multi-level Capital Market Securities Registration and Settlement System of the CSDC Shenzhen Branch won the first prize of Shenzhen Financial Innovation Award.

·      December 22

The CSDC Shanghai Branch successfully completed the construction of centralized equipment control system, realizing centralized control for technical equipments in the equipment rooms.

·      December 16

Beijing High Court made the first instance judgment on the case of North China Grid Company Limited (NCGC) against China Sci-tech Securities Co., Ltd (CSSC) and the CSDC for treasury bond repurchase dispute, according to the claim of the NCGC against the CSDC that the CSDC shall assume joint liability for part of   treasury bond loss that CSSC failed to repay was groundless in law and vetoed by the court. It was the first judgment of Beijing regional courts.

·      December 11

The CSDC released the Notice on Further Enhancing Daily Management of Securities Accounts to further secure the account regulation result and boost the establishment of long-term account management system.

·      December 11

The CSDC Shanghai Branch completed the modification of the clearing system and established a new clearing system infrastructure.

·      December 8

To facilitate cross-market trans-custody of treasury bonds by securities custodian institutions, on the basis of the original written application channel, the CSDC Shenzhen Branch established electronic application channel for cross-market trans-custody of treasury bonds and reconciliation.

·         November

November 17

The CSDC Shanghai Branch prolonged the start and close time for transfer of PROP reserve fund, with the start time for stock-out/stock-in changed from 9:00 to 8:30, the cutoff time for stock-out prolonged from 14:00 to 15:00, which relieved the fund transfer pressure of the clearing and settlement participants.

·      November 10

To solve the problem of insufficient securities account code resources in Shanghai market, the CSDC jointly released the Notice on Expansion of Securities Account Codes in Shanghai Market with Shanghai Stock Exchange.

·      November 1

The CSDC Shanghai Branch successfully completed the hardware upgrade and switching and applications adaptability modification for the technical system operation performance upgrade project, realizing the pre-set target of increasing the technical system operation capacity by 3 times.

·         October

October 27

Share processing function for senior managers quitting from listed companies in SME board was offered.

·      October 18

The upgrade project for the host platform of the open-end fund registration and settlement system was completed and put into operation, which greatly increased the system processing capacity.

·      October 11

To facilitate Shanghai Stock Exchange in developing bond market, the CSDC recorded 62 enterprise bonds with a total par value of RMB 28.505 billion Yuan into securities accounts according to declarations of the clearing and settlement units, involving 104 securities companies, 7 funds custodian banks, 9 insurance and financial companies.

·      October 8

The CSDC offered the electronic contract service for the needs of the collective wealth management participants.

·      October 7

The CSDC successfully completed the construction of the share transfer agency B-type service accounting system, and realized the electronic accounting of B-type service.

·      October 7

To support the development of stock exchange bond market, the CSDC revised and issued four service rules related to bond services, including Administrative Measures on Underlying Securities Conversion Rate, Administrative Measures on Settlement Reserve Fund, Implementation Rules for Bonds Registration, Custody and Settlement Services of The China Securities Depository and Clearing Corporation Limited, and Provisional Measures on Trading, Registration and Settlement of Fixed Income Securities via Comprehensive Electronic Platform of Shanghai Stock Exchange.

·      October 2

The trading and settlement network three-level modification project was officially put into operation. The backbone network which linked Shenzhen Stock Exchange, the CSDC Shenzhen Branch and Shenzhen Securities Communication Co., Ltd was changed from two-tier structure to three-tier, making the backbone network more secure and reliable.

·         September

September 9

The enterprise-level data warehouse design project of the CSDC was started.

·      September 3

The service auditing project of the CSDC Shenzhen Branch was put into operation, realizing the auditing on the clearing and settlement services before the clearing and settlement data was sent to clearing and settlement participants.

·         August

August 29

The CSDC issued Guideline for IPO Registration and Settlement Services in Shenzhen Market to normalize the IPO registration and settlement service operation process in Shenzhen market.

·         July

July 25

The CSDC Shanghai Branch successfully completed the electronic processing of 3688 boxes of scanned files generated by the branch till December 31, 2007 (except those in the Beicai warehouse).

·      July 18

The pending securities dividends carry-forward project of the CSDC Shenzhen Branch was put into operation, which solved the separation problem of pending securities and dividends.

·      July 18

The CSDC released the Guideline for Ineligible Account Regulating Service (No.3) to specify subsequent arrangements for disposal of ineligible accounts after August 1, 2008.

·      July 14

The CSDC Shenzhen Branch successfully completed the switching of the clearing and settlement hosts. The processing capacity of the system was greatly increased from 15 million transactions to 50 million transactions.

·      July 12

The CSDC Shanghai Branch successfully completed the bond system clearing and optimization works to provide reliable technical guarantee for Shanghai Stock Exchange to develop bond market in large scale.

·      July 8

The CSDC released the Notices on Works Related to Securities Registration, Clearing and Investor Service in Disaster Area After Earthquake to protect the legal rights of the investors in the disaster area.

·      July 4

The CSDC released the Guideline for the Specific Client Assets Management, Registration and Clearing Services of Securities Companies.

·         June

June 26

The CSDC held the first service exchange activity with Hong Kong Securities Clearing Company Ltd., and the first cross training project was to be held from October to December.

·      June 20

The CSDC Shanghai Branch completed the specialized clearing and settlement for the first block trade.

·      June 18

The construction of Shum Yip equipment room disaster recovery center was completed, and the disaster center of the same city but different locations for the CSDC Shenzhen Branch was built.

·         May

May 21

The CSDC jointly released the Guidelines for Listed Companies’ Cash Option Service with Shenzhen Stock Exchange.

·      May 18

Internal and external network isolation was realized for the network systems of the three locations.

·      May 17

All the PROP2000 modules of the CSDC Shanghai Branch were officially retired, and the user’s comprehensive service terminal was upgraded from PROP2000 to PROP200.

·      May 12

The CSDC imposed collective transaction suspension on the remaining unqualified accounts which were not disposed within a specific time limit in the registration and clearing system.

·      May 12

After the outbreak of Wenchuan earthquake, the CSDC made a quick deployment to ensure the orderly completion of the service operation, data transmission and participant’s fund settlement service on that date.

·      May 11

From this date, the securities issuers can apply for dividends distribution and bonus share issue services through the PROP2008 comprehensive service terminal of the CSDC Shanghai Branch, realizing the target for electronic distribution of equities.

·      May 8

The CSDC terminated the account opening agency services of Deheng Securities and Xinjiang Securities, which were undertaken by Huarong Securities and Hongyuan Securities respectively.

·      May 5

The clearing participant management system Shenzhen subsystem was introduced, preliminarily realizing three-tier data link from participant, settlement account to fund details account, laying a solid foundation for infrastructure.

·         April

April 28

Daqing Lianyi (600065), the first listed share in the CSDC Shenzhen Branch for which share reform and delisting was completed on the main board, entered the agency share transfer market with a total share capital of 238 million shares.

·      April 25

The CSDC Shanghai Branch cooperated with Shanghai Stock Exchange to complete the listing and trading of Zijin Mining, the first share whose par value was not RMB 1 Yuan.

·      April 21

The CSDC established the monitoring system regarding one-percent limit in restricted shares in accordance with the Guiding Opinions on Transfer of Released Accumulated Restricted Shares of Listed Companies issued by the CSRC.

·      April 14

The CSDC successfully completed the issue of Jin Mo Share, the first new share offered through the electronic offline placement system in Shanghai market, indicating the electronic offline placement system for new share offering was successfully put into use after 10 months of research, design and development.

·      April 11

The CSDC released Operational Guideline for Ineligible Account Correcting Service (No.2) to specify arrangements for collective suspending transactions of ineligible securities accounts.

·      April 11

The CSDC successfully completed the issue of Yuyue Medical, the first new share offered through the electronic service system for offline placement in Shenzhen market.

·      April 2

The CSDC released the Notice on Further Enhancing the Account Regulation to further carry forward the account regulation works and specify measures for correcting ineligible accounts.

·         March

March 10

The CSDC Shenzhen Branch successfully completed the registration of the first corporate bond in Shenzhen, 08 GEPD Bond (securities code: 112001), with an issue scale of up to 20 million units.

·      March 10

The CSDC renewed the Service Agreement on Cross Market Custody Transfer of Treasury Bonds with China Government Securities Depository Trust & Clearing Co., Ltd.

·         February

February 29

The CSDC Shanghai Branch successfully completed the liquidation and share transfer for the acquisition of Dongfang Boiler Group Co., Ltd by Dongfang Electric Corporation through stock exchange tender offer, which was the first case in Shanghai.

·      February 25

The CSDC Shanghai Branch offered the PROP2008 Comprehensive Service Terminal to the market. The terminal rearranges and integrates over 100 service functions of the old PROP client terminal and rationally arranges the relationship between different service functional modules, representing a significant progress of the company in building the new generation of a uniform platform for electronic registration and clearing services.

·      February 13

The CSDC Shanghai Branch successfully completed the expansion of the database production system, and realized the design target of expanding the system capacity to 10TB and increasing the performance by over 3 times.

·      February 1

The CSDC released Operational Guideline for New Dormant Account Management Services to realize standard management on the new dormant accounts in the securities market.

·         January

January 24

The CSDC Shenzhen Branch extended the service time for real time inquiry of account opening from 3 p.m. to 5 p.m.

·      January 22

The CSDC jointly formulated and released Implementation Rules for Electronic Offline Placement of IPOs in Shanghai Market with the Securities Association of China and Shanghai Stock Exchange.

·      January 21

The CSDC jointly formulated and released Implementation Rules for Electronic Offline Placement of IPOs in Shenzhen Market with the Securities Association of China and Shenzhen Stock Exchange.

·      January 14

The auditing and information disclosure system of the CSDC Shenzhen Branch was put into trial operation, which further enhanced the real time disclosure of the registration and depository services and the review of important parameters.

·      January 10

The CSDC assisted in releasing Notice of Supreme People's Court, Supreme People's Procuratorate, Ministry of Public Security and China Securities Regulatory Commission on the Issues Related with the Inquiry, Freeze and Deduction of Securities and Securities Transactions Settlement Funds (Law Release [2008] No.4), which was implemented on March 1.

·         December

December 29

The CSDC Shanghai Branch launched the real-time clearing system.

·      December 25

The CSDC finished registration of the issuance of the first "Small and Medium Enterprise Composite Bond" on the Shenzhen Stock Exchange by 7 high-tech companies in the Zhongguancun Technology Park.

·         November

November 27

The CSDC Shenzhen Branch transferred the registration of Guangdong China Sunshine Media from the third board to the main board. Guangdong China Sunshine Media had been the first Shenzhen-listed which was transferred to the main board after delisting from the Agency Share Transfer System.

·      November 22

The Guidelines to the Standardization of Ineligible Accounts (No. 1) were released to further promote related operations.

·         October

October 12

The International Securities Identification Numbers (ISIN) assigned independently by China were officially launched worldwide.

·      October 8

Segregation of dormant accounts on the securities was implemented and the reactivation procedure opened.

·         September

September 14

The Detailed Measures for the Registration, Custody and Settlement of Bonds by China Securities Depository and Clearing Corporation Limited was issued after revision.

·      September 13

The electronic certificate system of the CSDC Shanghai Branch came into trial operation.

·      September 5

The Securities and Related Financial Instruments – International Securities Identification Numbering System (GB/T 21076-2007) was released with approval by the state Standardization Administration as the country’s first national standards for securities and futures industries. The CSDC was one of the major drafters of the system, which became effective on Dec. 1.

·      September 3-4

The CSDC successfully hosted the 11th General Meeting of the Asia-Pacific Central Securities Depository Group (ACG).

·         August

August 14

The Notice on Further Regulating Account Management was released, which marked the all-round start of account standardization work.

·         July

July 23

The TA system for open-end funds handled the depository and clearing of the first innovative close-end fund – Dacheng Selected Stock Fund.

·      July 9

The CSDC completed the initial registration of the first innovative close-end fund on the Shenzhen stock market – UBS SDIC Ruifu Classification Stock Fund.

·      July 6

The CSDC released the Interim Measures for the Trial Trading Registration and Settlement of the Fixed Income Securities on Shanghai Stock Exchange’s Integrated Electronic Platform by China Securities Depository and Clearing Corporation Limited.

·         June

June 27

The CSDC together with the Supreme People’s Court, issued the Notice of the Supreme People’s Court on the Designated Jurisdiction over Litigation Cases Involving the Performance of Functions by China Securities Depository and Clearing Corporation Limited (Law 2007 No. 177).

·      June 8

The CSDC entered into a MOU with the Depository Trust & Clearing Corporation (DTCC) of the U.S.

·      June 8

Repurchase of the old treasury bonds was terminated. The last repurchase deal was due on Jun. 12; since then repurchases of the new and old treasury bonds have been fully integrated.

·         May

May 14

The Charter of the Risk Management Committee of the CSDC was re-issued after revision.

·      May 10

The CSDC finished the IPO registration of the Bank of Communications, which is the first overseas listed Chinese bank that returned to the A-share market. Bank of Communications was successfully listed on the Shanghai Stock Exchange on May 15.

·         April

April 24

The CSDC successfully completed the registration of share swap involved in the acquisition of Shandong Aluminum and Lanzhou Aluminum by Aluminum Corporation of China. As the first overseas listed central state-owned enterprise that went public on the A-share market through merger and share swap with its domestically listed subsidiaries, Aluminum Corporation of China successfully debuted on the Shanghai Stock Exchange on Apr. 30.

·      April 2

The Detailed Measures for the Registration and Depository of Non-overseas Listed Shares of Overseas Listed Companies were issued, which permit centralized registration and depository of such securities at the CSDC.

·         February

February 13

The CSDC Shanghai Branch rolled out the securities information self-service inquiry terminals at the local outlet.

·      February 7

The Measures for the Settlement Collateral Management were released and enforced.

·      February 5

The Rules for the Administration of Clearing and Settlement Participants were released after a thorough revision and approval by the CSRC, effective from May 8.

·         January

January 23

The CSDC Shenzhen Branch successfully completed registration of the conversion of the first close-end fund “Tongzhi Investment Fund” to the open-end “Changsheng Tongzhi Advanced Growth Mixed Fund”.

·      January 15

The CSDC Shenzhen Branch published the Notice on the Declaration of Trans-market Re-registration Data of Listed Securities through Electronic Channels, marking the official launch of electronic channels for re-registration of left-over shares placed across markets.

·         December

December 6

CSDC finished registration work of first separate trading convertible bond (Steel & Vanadium Convertible Bond of Panzhihua New Steel & Vanadium Co. Ltd.).

·      December 3

The CSDC Shanghai Branch finished the construction project II of disaster recovery storage of the registration and settlement system.

·      In December

CSDC finished the construction project I of the comprehensive information system of CSRC intermediary supervision.

·      In December

CSDC finished the reform on trading seats converting to trading units through membership management system, cooperating with the Shenzhen Stock Exchange.

·         November

November 30

The consultancy work of the Advanced Depository and Clearing Technology System (ACTS) Construction Project was finished.

·      November 16

CSDC Shanghai Branch started the settlement business of execution of China’s first butterfly warrant (Wuhan Steel).

·      In November

The reform scheme of account system and settlement model of shares of non-listed companies in Zhongguancun Science Park transferred by entrusted securities companies was finalized.

·         October

October 20

The world biggest IPO and China’s first A+H shares (ICBC) were dually listed, and its qualification evaluation, number assignment and settlement were successfully handled on T+1.

·         September

September 18

The first instance judgment made by the Shanghai No.1 Intermediate People's Court in the case that Shanghai Tonglv Industry Co. Ltd. sued the Xinhua Securities Co. Ltd. and the CSDC ruled that the CSDC recovered and ordered the Xinhua Securities Co. Ltd. to take relevant legal responsibility.

·      In September

the business hall of the CSDC Shenzhen Branch was put to use after reconstruction.

·         August

August 30

Settlement of the execution of the first subscription warrant (Baosteel JTB1) in the domestic market was finished.

·      August 29

Registration and settlement business of the execution of the first warrant (Vanke) in Shenzhen market was handled.

·      August 29

Detailed Measures for the Experimental Registration and Settlement Business of Margin Trading was issued.

·      August 21

The open-ended fund registration and settlement system successfully processed the first registration and settlement business of a close-ended fund converting to an open-ended fund (Xingye Fund) in the domestic market.On August 1, the on-line investors’ share holding inquiry service was introduced.

·      August 14

CSDC issued Measures for Listed Companies to Handle the Business of Assignment of Negotiable Shares by Agreement jointly with Shanghai and Shenzhen stock exchanges.

·      August 10

Circular on the Relevant Issues Concerning T-bonds Cross-market Trans-custody Business was issued, and the T-bonds cross-market trans-custody to investor’s accounts finishes on T+1.

·      In August

Registration of the transfer of cross-market allotted shares was finished, and all cross-market market-value allotted shares held by investors were transferred to the market where the shares were listed.

·         July

July 25

Rules for Securities Registration was promulgated.

·      July 14

The CSDC Shenzhen Branch launched the new listed companies’ on-line business system.

·      July 5

CSDC issued Circular on Registration of the Transfer of Cross-market Market-Value Allotted Shares at Shanghai and Shenzhen Stock Exchanges jointly with Shanghai and Shenzhen stock exchanges, and registration of the transfer of cross-market allotted shares was started.

·      In July

Shanghai and Shenzhen branches launched the margin trading system, making full preparation of registration and settlement for starting the related business.

·         June

June 25

The CSDC Shanghai Branch launched the PROP long-distance inquiry system concerning the SASAC project.

·      June 20

The participants’ data interface of the new PROP system developed by the CSDC Shanghai Branch was put to use.

·      June 19

The CSDC Shanghai Branch started to handle the business of listing restricted negotiable shares during the split share structure reform of listed companies.

·      June 7

The open-ended fund registration and settlement system started to process collective asset management plans of securities companies, and Dongfanghong II collective asset management plan was issued via the system.

·      In June

Registration and settlement of the first newly issued shares (Datong Coal Industry) after new shares reissue in the Shanghai market was handled by the CSDC Shanghai Branch.

·      In June

Registration and settlement of the first newly issued shares (China CAMC Engineering) after new shares reissue in the Shenzhen market was handled by the CSDC Shenzhen Branch.

·         May

May 18

Initial registration of SSE 180ETF was finished.

·      May 8

Detailed Measures for Bond Registration, Custody and Settlement Business was issued.

·      In May

Registration business of collateralized restricted negotiable shares was started.

·         April

April 7

The CSRC promulgated Measures for the Administration of Securities Registration and Settlement.

·      April 4-5

The CSDC hosted the 4th Asia-Oceania CCP Meeting.

·         March

March 30

The celebration of the fifth anniversary of CSDC was held.

·      March 18

Warrant creation and execution system operated by the CSDC Shanghai Branch was launched.

·      March 1

Circular on the Relevant Issues on Assisting Judicial Organs in Freezing Negotiable Securities was issued, and judicial assistance system of negotiable securities was launched.

·      In March

Registration and settlement business of the first ETF at the Shenzhen Stock Exchange was handled.

·         February

February 14

Circular on the Relevant Issues Concerning the Opening of A-shares Securities Account by Foreign Strategic Investors was issued.

·      February 10

Detailed Measures of China Securities Depository and Clearing Corporation Limited for Registration and Settlement of Exchange-traded Open-ended Index Fund Listed at the Shenzhen Stock Exchange was promulgated.

·         January

January 18

The open-ended fund registration and settlement system of Shanghai Stock Exchange Stage II was launched.

·      January 4

The business hall of the CSDC Shanghai Branch was put to use after reconstruction.

·      January 1

Measures for the Administration of Settlement Participants came into effect.

·      In January

Registration and settlement business of shares of the first batch non-listed companies in Zhongguancun Science Park (Beijing Century Real Technology Co. Ltd. and Chinasoft Co. Ltd.) transferred by entrusted securities companies was handled.

·         December

December 29

The CSDC Shanghai Branch established T-day-end batch process optimization project on the registration and settlement system.

·      December 22

The CSDC signed the Memorandum of Understanding with Computershare Limited.

·         November

November 28

The CSDC Shanghai Branch successfully operated the registration and settlement of writing and offsetting Wuhan Steel warrant, the first creation warrant.

·      November 25

The CSDC Shanghai Branch started the electronic management of business certificates.

·      November 25

The CSDC successfully operated the cross-market shares registration transferring for the Yangtze Power and the Baiyun Airport, transferring the shares from investors’ accounts in Shenzhen to their accounts in Shanghai.

·      November 25

The CSDC signed the Memorandum of Understanding with the Euroclear S.A.

·      November 14

The CSDC announced the Notice on Related Problems about Assisting Courts by Freezing Negotiable Shares, to be carried out from 1 March 2006.

·      November 8

The CSDC Shanghai Branch started to send fund settlement detailed data to market participants.

·      November 1

The Shanghai Stock Exchange, the Shenzhen Stock Exchange and the CSDC jointly announced the Notice on Related Problems about Transferring Shares Registration from the Shenzhen Market to the Shanghai Market of the Yangtze Power and the Baiyun Airport.

·         October

October 31

The treasury bonds DVP issuance system was put into use in the CSDC Shanghai Branch.

·      October 28

The CSDC held the Seminar on Index Futures Settlement and Risk Management, inviting experts from the Hong Kong Exchange and Clearing Limited (HKEx), the Singapore Exchange (SGX) and The Clearing Corporation (CCorp).

·      October 27

The 18^th Session of the 10^th Standing Committee of the National People’s Congress passed Amendments to the Securities Law, adopting some key opinions from the CSDC, including the DVP principle and the guarantee settlement system, etc.

·      October 25-26

The CSDC Shanghai Branch successively held four training programs on the non-guarantee gross settlement business in Shanghai.

·      October 11

Measures for the Administration of Clearing Participants was promulgated and will come into effect on 1 January 2006.

·         September

September 26

The CSDC Shenzhen Branch introduced the warrant DVP settlement system, establishing a foundation for DVP settlement of other products.

·      September 14-23

The CSDC held a series of seminars on securities registration and settlement, listening to opinions given by securities regulatory authorities and settlement participants.

·      September 6

The Shanghai Stock Exchange, the Shenzhen Stock Exchange and the CSDC jointly announced Instructions for the Business of the Experimental Reform of Equity Division for the Listed Companies.

·         August

August 22

The CSDC provided registration and settlement service for the first warrant Baogang.

·      August 19

The CSDC Shanghai Branch initiated the statistical data inquiry service on post clearing fund for settlement participants.

·      August 16

The CSDC announced Detailed Rules for the Implementation of the China Securities Depository and Clearing Corporation Limited for the Listed Warrants Registration and Settlement Business via the Shanghai and Shenzhen Stock Exchange.

·      August 16

The advanced depository and clearing technology system (ACTS) project was officially initiated.

·      August 1

The open-end fund system started to process registration and settlement of open-end funds subscribed and redeemed in the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

·         July

July 27-28

The Conference on the Examination of Major Legal Research Topics of Securities Registration and Settlement and the Advanced Seminar on Legal Research Topics of Securities Registration and Settlement were held in Beijing.

·      July 7

In accordance with relevant rules and regulations, the CSDC Shanghai Branch started the enterprise annuity depository and settlement service.

·      July 4

The D-COM IST2.0 system was put into use in the CSDC Shenzhen Branch.

·         June

June 30

The CSDC basically accomplished the settlement reserve fund account separation management for proprietary and brokerage business of securities companies.

·      June 24

The CSDC Shenzhen Branch finished consideration and registration of shares transfer related to the experimental reform of equity division for the first experimental listed company Hebei Jinniu Energy Resources Co. Ltd.

·      June 24

The CSDC signed the Memorandum of Understanding with the Japan Securities Depository Center (JASDEC).

·      June 17

The registration task related to the experimental reform of equity division for the first experimental company SANY Heavy Industry Co. Ltd. in the Chinese securities market was accomplished.

·      June 10

According to the reform plan on the multi-account system, the CSDC Shanghai Branch, Guotai Junan Securities, the Industrial and Commercial Bank of China (ICBC) jointly started to operate the experimental dividends distribution business under the multi-account system.

·      June 2

The CSDC signed the Memorandum of Understanding with the Clearstream International S.A.

·         May

May 31

The Shanghai Stock Exchange stopped sending settlement data, and all settlement data of the Shanghai market started to be sent by the CSDC Shanghai Branch.

·      May 8

The Shanghai Stock Exchange, the Shenzhen Stock Exchange and the CSDC jointly announced Instructions for Business of the Experimental Reform of Equity Division for Listed Companies.

·      May 1-8

The improvement of the hot standby registration and settlement system was accomplished in the CSDC Shenzhen Branch. The synchronized backup of A, B and Disaster Recovery Storage was implemented via SRDF.

·         April

April 20

The real-time account opening supervision system started running in the CSDC Shenzhen Branch.

·      April 9

The PROP Internet connection system was established and put into use in the CSDC Shanghai Branch.

·      April 5-15

The CSDC held training programs on ISTO system update and new services of securities fund settlement in Shenzhen, Shanghai, Beijing and Chengdu respectively.

·         March

March 29

The Shanghai Branch successfully started the first transfer business of securities company debts through designated issuance that is Citi Securities transferred securities company debts through designated issuance.

·      March 17

The accounts separation of the Shenyi Wanguo Securities Company that firstly adopted the plan on the separation of clients’ collateral accounts and brokers’ proprietary collateral accounts was completed successfully.

·      March 14

The securities account opening business of the securities companies’ collective assets management plan was started.

·         February

February 23

The suspending settlement system of the CSDC Shanghai Branch was established and officially put into effect. The pre-settlement mechanism was first used for the transaction of ETF.

·      February 15

The CSDC Shanghai Branch opened insurance products accounts and started the securities depository and settlement business for the first insurance institutional investor Huatai Insurance.

·         January

January 27

The first IPO further offering business by book building, Huadian Power International was finished successfully.

·      January 24

The client’s clearing funds of the Southern Securities was deposited with the third party, and the switch of clearing route for the remaining seats was finished, which represented that the experimental task of the first client’s clearing funds deposited with the third party was successfully accomplished.

·      January 5

Business Guide for Registration and Settlement of Securities Companies’ Collective Assets Management was promulgated.

·      January 1

The CSDC started to carry out the business of assisting courts freezing securities assets on turn, in accordance with Rules of the Supreme People’s Court for Attaching and Freezing Property During Civil Enforcement.

·      January 1

Rules for the Listed Companies` Non-negotiable Shares Transfer came into effect.

·      January 1

Measures for the Administration of Settlement Reserve Fund came into effect.