1. The securities registration and settlement institution is not a securities service institution or a securities intermediary institution. \x0d\ China Securities Depository and Clearing Company is a non-profit legal entity that provides centralized registration, depository and settlement services for securities transactions. \x0d\ It belongs to a self-regulatory organization. \x0d\2。 Securities market intermediaries refer to all kinds of institutions that provide services for securities issuance and trading. The institutions that play an intermediary role in the securities market are securities companies and other securities service institutions, which are usually collectively referred to as securities intermediaries. \x0d\ Securities intermediaries include securities service institutions.