Carry out the foreign exchange management registration business for issuance of Chinese Depository Receipts.

If an overseas issuer issues a Chinese Depository Receipt by adding new securities, it must, within 10 working days after receiving CSRC’s approval for issuance, commission its domestic lead underwriter (or relevant domestic agency) to register with the state foreign exchange administrative department in the place of the domestic stock exchange on which it gets listed.
If a qualified overseas conversion institution issues or redeems in an overseas depositary receipt on the basis of non-newly added securities, it shall mandate a domestic commercial bank with relevant business qualifications to manage the asset custody business as a custodian, and register the cross-border securities transactions with the State Administration of Foreign Exchange through its domestic custodian.