Third-Party Depository for All Securities Firms' Clients.

SHANGHAI, Aug 26, 2008 (SinoCast China Financial Watch via COMTEX) -- All of the securities companies in China have realized third-party depository of clients' funds so far, according to sources from China Securities Regulatory Commission.

The latest statistics show all of the 49.85 million qualified securities investment accounts and CNY 1.2 trillion funds have been transferred into the third-party depository system; 12.7 million unqualified accounts have been cleared up and 11.94 accounts became dormant.

In the meantime, 103 securities companies set up independent third-party depository technical system connecting 21 commercial banks including Bank of …