China Securities Depository and Clearing Corporation

China Securities Depository and Clearing Corporation Limited, in short CSDC, SD&C, or ChinaClear, is a central counterparty and central securities depository of China, based in Beijing. It is responsible for all securities depository and clearing services for the Shanghai Stock Exchange and Shenzhen Stock Exchange, thus playing a similar role as that of DTCC for the US stock markets.

Overview

CSDC was set up on March 30, 2001. In September 2001, Shanghai Securities Central Depository and Clearing Corporation and Shenzhen Securities Depository Corporation, two corporations which were in responsible for depository and clearing services of Shanghai Stock Exchange and Shenzhen Stock Exchange, were merged into the CSDC. It is a non-profit entity established with the approval of the China Securities Regulatory Commission.