Provisions on Supervision and Administration of Depository Receipts under Stock Connect

The provisions establish a comprehensive regulatory framework for depository receipts traded under the Stock Connect scheme connecting mainland China with overseas stock exchanges. The rules set out eligibility requirements for securities firms, depository institutions, and investors participating in cross-border depository receipt transactions.

Affected parties including securities intermediaries, depository banks, and investors engaging in Stock Connect depository receipt activities must comply with the new supervision and administration requirements. Non-compliance may result in regulatory enforcement actions by CSRC under China's securities laws.