论文部分内容阅读
据悉,深圳市目前正在加紧组建中央结算公司。可以预见,中央结算公司的成立,将会促进深圳证券市场的完善和发展。基于此,本文拟通过对香港中央结算公司结算系统作一简介,深圳在组建结算公司、开发中央结算系统时可以此为借鉴。香港中央结算有限公司(结算公司)于1989年5月成立,其法定成员包括联交所及香港五家主要银行。结算公司的董事会由22名董事组成,其中15名由成员任命,5名由财政司任命,其余2名则分别为联交所与结算公司的行政总裁,他们成为当然的董事。中央结算公司根据证券及期货事务监察委员会(证监会)条例,由证券及期货事务监察委员会监督。而中央结算系统则由中央结算有限公司成立并管理,于1992年6月开始运作,同年10月全面投入使用与服务。中央结算系统的日常事务是在董事会及其他委员会的监督下,由中央结算公司的行政人员管理。一、中央结算系统的结构流程中央结算系统所包含的内容与结构可由下图表达:
It is reported that Shenzhen is stepping up the formation of the Central Clearing Company. It is foreseeable that the establishment of the Central Clearing Company will promote the improvement and development of the Shenzhen securities market. Based on this, this article intends to make a brief introduction to the settlement system of Hong Kong Securities Clearing Company. Shenzhen can draw lessons from this when setting up a settlement company and developing a CCASS. Hong Kong Securities Clearing Company Limited (Clearing Company) was established in May 1989 and its statutory members include the Stock Exchange and five major banks in Hong Kong. The board of directors of the Clearing House comprises 22 directors, 15 of whom are appointed by the members, five appointed by the Financial Secretary and the remaining two are the CEOs of the Stock Exchange and the Clearing Company respectively, who become ex officio directors. The Central Clearing Company is supervised by the Securities and Futures Commission under the Securities and Futures Commission (SFC) Ordinance. The Central Clearing and Settlement System, which was established and managed by the Central Clearing and Construction Company Limited, started operation in June 1992 and was put into full operation and service in October of the same year. The day-to-day affairs of CCASS are managed by the administrators of CCDC under the supervision of the Board of Directors and other committees. I. Structure Flow of the Central Clearing System The content and structure of the Central Clearing House can be expressed as follows: