The Hong Kong Securities Clearing Company Limited is responsible for managing the central clearing and settlement system in Hong Kong. It is a recognized clearing institution and a wholly-owned subsidiary of the Hong Kong Stock Exchange. Investors' shares are centrally deposited with the Hong Kong Securities Clearing Company Limited.

The shares held by Hong Kong Securities Clearing (Agency) Co., Ltd. are the total shares of H-share shareholders' accounts traded on the trading platform of Hong Kong Securities Clearing (Agency) Co., Ltd., and the rights and interests of these shares still belong to the investors themselves.

The difference between Hong Kong Securities Clearing Company (agent) and Hong Kong Securities Clearing Company Limited

Although Hong Kong Securities Clearing Company (agent) and Hong Kong Securities Clearing Company Limited are both subsidiaries of the Hong Kong Stock Exchange, Hong Kong Securities Clearing Company Limited (agent) refers to the collection of shares held by H-share shareholders.

In other words, only Chinese mainland companies with A+H shares (that is, companies listed in both the Mainland and Hong Kong) will own the equity of Hong Kong Securities Clearing (Agency) Co., Ltd. ..

For example, Ping An in China and Pacific Insurance in China will have the number and proportion of shares held by Hong Kong Securities Clearing (Agency) Co., Ltd., while Maotai and Fuling Zhacai in Guizhou will not see the shares held by Hong Kong Securities Clearing (Agency) Co., Ltd. in the shareholder structure, but will only see the shares held by Hong Kong Securities Clearing Co., Ltd.