- Securities (1) Unbound except for the following: (1) None Subject to approval, the Australian (a) Securities institutions of financial services institutions in China are Australia may engage directly allowed to participate in the securitisation (without Chinese intermediary) in B business (CSRC-approved securities share business. related services only) after having (b) Service suppliers of Australia obtained relevant business qualifications. which meet the requirements of With such approval, these financial China’s relevant laws and services institutions will enjoy national regulations are permitted to provide treatment in accordance with China’s the following services to Chinese laws and regulations. Qualified Domestic Institutional Investors (QDII): - Trading for account of QDII; - Providing securities trading advice ; - Providing portfolio management; - Providing custody for overseas assets of QDII. (2) None (2) None (3) (3) None (a) Unbound except for the following: Representative offices in of securities institutions of Australia may become Special Members of all Chinese stock exchanges. Service suppliers of Australia are permitted to establish joint ventures with foreign investment up to 49 percent to conduct domestic securities investment fund management business. Securities institutions of Australia are permitted to establish joint ventures, with foreign minority ownership not exceeding 49 percent, to engage (without Chinese intermediary) in underwriting A shares and in underwriting and trading of B and H shares as well as government and corporate debts, launching of funds.
- Securities (1) Unbound except for the following: (a) Securities institutions of Australia may engage directly (without Chinese intermediary) in B share business. (b) Service suppliers of Australia which meet the requirements of China’s relevant laws and regulations are permitted to provide the following services to Chinese Qualified Domestic Institutional Investors (QDII): - Trading for account of QDII; - Providing securities trading advice ; - Providing portfolio management; - Providing custody for overseas assets of QDII. (2) None (3) (a) Unbound except for the following: Representative offices in of securities institutions of Australia may become Special Members of all Chinese stock exchanges. Service suppliers of Australia are permitted to establish joint ventures with foreign investment up to 49 percent to conduct domestic securities investment fund management business. Securities institutions of Australia are permitted to establish joint ventures, with foreign minority ownership not exceeding 49 percent, to engage (without Chinese intermediary) in underwriting A shares and in underwriting and trading of B and H shares as well as government and corporate debts, launching of funds. (1) None (2) None (3) None Subject to approval, the Australian financial services institutions in China are allowed to participate in the securitisation business (CSRC-approved securities related services only) after having obtained relevant business qualifications. With such approval, these financial services institutions will enjoy national treatment in accordance with China’s laws and regulations.
chafta-annex-iii-services-schedules-of-australia-and-china.docx