CCASS some basics 股权集中 = 乾??

CCASS 向市場中介機構提供

 (1) 結算及交收服務；

(2)存管及代理人服務；

(3) 系統管理服務；及

 (4) 抵押品管理服務。 

——CCASS have TIME GAP reflecting the transaction à T+3

—CCASS = 自由流通的electronic股票 

披露易　＝　用来看通告

http://www.hkexnews.hk/listedco/listconews/mainindex/sehk_listedco_datetime_today_c.htm

—股权集中报告＝　用来看庄家伙伴. 

http://www.sfc.hk/web/TC/news-and-announcements/high-shareholding-concentration-announcements.html

One issued by 证监会 another issued by company

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—Listed company must always maintain 25% shareholding by PUBLIC. If less than this, they must file a report “公众持股量不足”

—大股东 cannot hold more than 75% shares, so they must find their “partners” usually證券商 to hold on behalf of them

—ONCE 大股东 put shares into CCASS, they can sell anytime in the market , ie they want to 散貨 àso they need to 抄高first

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