China Securities Depository and Clearing Corporation

China Securities Depository and Clearing Corporation Limited (Chinese: 中国证券登记结算有限责任公司), in short CSDC, SD&C, or ChinaClear (Chinese: 中国结算 or 中证登, Zhongzhengdeng), is a central counterparty and central securities depository of China, based in Beijing. It is responsible for all securities depository and clearing services for the Shanghai Stock Exchange and Shenzhen Stock Exchange, thus playing a similar role as that of DTCC for the US stock markets.

Source: Wikipedia — China Securities Depository and Clearing Corporation (CC BY-SA 4.0)