Footnote:
In: Bond Monthly, Jan. 2022, http://www.ccdc.com.cn/Channel/145609953
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 13, 2022 erstellt
Description:
The cross-border central securities depository (CSD) link could facilitate access to China’s bond market and help reach out to a large number of foreign investors at one time. This paper sets out four main models in cross-border custody and settlement practices by analyzing their advantages, disadvantages and risks. It also reviews related legal arrangement in the common law and civil law systems, as well as relevant practices in China. Finally, this paper seeks to propose a basic plan for the cross-border CSD link in China, and puts forward suggestions from the perspectives of structural arrangements, service optimization, risk prevention and efficiency improvement