|Equities||LISTED bonds||OTC bonds|
|Trading||SSE (Shanghai) and SZSE (Shenzhen)||SSE (Shanghai) and SZSE (Shenzhen)||CIBM|
|Settlement and custody||CSDC||CSDC||CCDC/SCH|
In case of cash shortage, there will be an overdraft interest equivalent to the interbank deposit rate, as well as penalty interest (0.1% per day for A-shares; 0.5 % per day for B-shares).
The A-share market is essentially a no-fail market since there is a securities balance pre-check before trading takes place, hence buy-ins are highly unlikely.
For the B-share market, buy-ins are forced on T+6 if a trade has not settled on T+5.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
We are one of the very few foreign custodians in China offering the full chain of services on the China Interbank Bond Market.
We cover cross-border flows and service as a local settlement and custodian agent for foreign institutions investing in the China Interbank Bond Market (CIBM), and also provide master custody services to the Chinese institutions which invest in foreign markets through the Qualified Domestic Institutional Investors schemes (QDII).
Our asset custody department was created under BNP Paribas China back in 2010 but BNP Paribas’ presence in China dates back to 1860 when it opened its first office in Shanghai. Today, with nearly 500 staff based in China, BNP Paribas provides a large range of banking solutions to corporate and institutional clients.
For more information, please contact your relationship manager or
Philippe Kerdoncuff, Head of Location