Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Monday) that its wholly-owned subsidiary Hong Kong Securities Clearing Company Limited has admitted National Council for Social Security Fund, PRC to the Central Clearing and Settlement System (CCASS).  As a result of its admittance, National Council for Social Security Fund, PRC will be able to use its Corporate Investor Participant (IP) Account in CCASS to hold the state-owned shares it receives under the State Council’s Provisional Measures on Management over the Reduction of State Shares to Raise Social Security Funds. 

The National Council for Social Security Fund, PRC holds a Corporate IP Account in CCASS.  A Corporate IP account holder can:

• hold CCASS eligible securities, including Hong Kong-listed securities, with its CCASS Corporate IP account;
  
  
• transfer securities between its CCASS Corporate IP account and the accounts of its designated brokers or custodians;
  
  
• enjoy nominee services offered by CCASS, such as voting and receiving dividends on an electronic basis; and
  
  
• receive corporate information directly from listed issuers.

There are currently over 14,000 IP accounts in CCASS, of which approximately 350 are Corporate IP accounts.