The Unified Account Platform Will Be Launched Online In October To Improve The Registration And Settlement System.

< p > new "nine states" put forward "perfect centralized and unified registration and settlement system".

Today, this work has made the latest progress.

Zhou Ming, China's chairman of the clearing company, announced in May 29th that the unified account platform was to be launched in October this year, and required the securities companies to prepare for the countdown.

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On the day of "P", Dai Wenhua, general manager of China's settlement, held an account integration mobilization conference in Hangzhou. The Commission's marketing department, institutional department, 36 local securities regulatory bureaus, Shanghai and Shenzhen exchanges, national share pfer companies, securities financial companies and 99 securities companies all attended 349 meetings.

The relevant departments of the SFC's marketing department and the Department of the Ministry of industry require the next step to push forward the work.

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< p > the relevant person in charge of the marketing department of the SFC said that the new "nine states" put forward the requirement of "improving the centralized and unified registration and settlement system". Further integrating and optimizing the registration and settlement system and improving the centralized and unified registration and settlement system are important tasks to promote the healthy development of the capital market.

Since 2012, on the basis of repeated deliberation, full demonstration and soliciting opinions from all relevant parties in the market, China Clearing has decided to select account business, which is the most basic element of the capital market, as the starting point, and has initiated the integration of accounts.

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< p > he said that account integration is of great significance not only to the construction of the capital market registration and settlement infrastructure, but also to the healthy development and stable operation of the capital market.

The integration of accounts is based on the premise of unity and flexibility and expansibility. It provides ideas and experiences for future selection and further integration and improvement of registration and settlement system.

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< p > he also said that the account integration work accords with the requirements of the state on the top level design of the long-term development of the capital market. The SFC attaches great importance to it. Many leaders of Xiaogang and other leaders have made instructions on the work, pointing out that the integration of accounts is a major task in the construction of the basic system of the market, which is of great significance and concerns the whole market and is sure to be safe.

China's settlement must organize the whole market to be meticulous, steady and orderly, and do well in preparation before the project is launched. All securities companies should closely support China's settlement and carry out relevant work together to complete this "foundation based and long-term" project.

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< p > < a > href= > //www.sjfzxm.com/news/index_cj.asp > > the SFC < /a > the head of the agency said that the integration of the account and the establishment of a multi-level securities account system with investors as the core are in line with the development direction of the financial account management and meet the needs of the construction of multi-level capital market.

The integration of accounts has realized the pformation from account to person in the view of business management, which facilitates the realization of interoperability between different levels of market. It greatly facilitates securities' a href= "//www.sjfzxm.com/news/index_cj.asp" > Company < /a > to understand customer participation and asset allocation, so as to provide important support for securities companies to provide wealth management and other comprehensive services and carry out various business product innovations.

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At the same time, account integration helps to reduce the operating costs of securities companies, improve operational efficiency, improve the adequacy management of securities companies, and build a customer centered service system. P

Account integration is a key step to improve the securities account management system under the new situation. It involves a wide range, large impact and high complexity. We must not take it lightly and make sure that we succeed in ensuring the success of the project.

All securities companies should strengthen organization, arrange carefully, push forward steadily, and actively cooperate with each other to make preparations.

The local securities regulatory bureaus should strengthen close communication with China's settlement and institutional departments, and actively urge the securities companies in the area to do well in various preparatory work.

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< p > Zhou Ming said that account integration is not only related to the gradual solution of the redundant construction of historical infrastructure, but also lay a good foundation for promoting the next step of improving centralized and unified registration and settlement system.

The general idea of account integration is to set up a unified account platform, set up a unified one pass account for each investor, and integrate the investors' different securities accounts into one account, and realize the unified identification of investors' identity, the unified collection of investors' information and the unified registration system of investors' Certificate assets. It can also be used for investors to exchange all kinds of securities.

The main contents can be summarized as three "one set", that is, "a set of accounts", "a set of rules", "a system".

A set of accounts is a set of accounts linked to different accounts of investors, forming a total account with one yard pass and a specific account as a sub account.

"A set of rules" is a comprehensive unified account business rules and processing procedures, the 49 main business differences between the Shanghai and Shenzhen market account business to be unified, to achieve a cabinet to accept all the market account business; at the same time, will also abolish the current account rules about "one person, one household" restrictive provisions, and will greatly reduce the cost of opening an investor.

"A system" is to establish a unified account platform, responsible for the unified operation of account business, and change the disadvantages of securities companies needing to operate and maintain multiple account systems.

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< p > he disclosed that at present, "a href=" //www.sjfzxm.com/news/index_cj.asp "> securities account > /a > integration has been progressing smoothly. The securities account management rules (Revised Version) has been submitted to the SFC for approval. The unified account platform system has been completed and is being tested internally, and the full market joint test will soon be launched; the confirmation scheme of the stock account relationship relationship is mature, and the next step will start the whole market stock account pfer trial delivery.

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< p > "every securities company should make preparations according to October's on-line timing, do well the related system's adaptive pformation, and confirm the relationship between stock accounts, so as to ensure that the unified account platform guarantees quality and quantity on schedule, and achieves smooth and stable operation on the line."

Zhou Ming asked.

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