by Li Kwing-hong, Alvin, Tang Chun-sing, Roger. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1988. / Bibliography: leaf 71.

by Leung Wang Shek, Alice K.Y. Tsang. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1981. / Bibliography: leaf 136.

by Bernardette Sau-Mui Loo. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references. / ACKNOWLEDGEMENT --- p.i / PREFACE --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF FIGURES --- p.v / LIST OF TABLES --- p.vi / Chapter 1 --- EXECUTIVE SUMMARY --- p.1-0 / Chapter 1.1 --- Objectives Of The Study --- p.1-1 / Chapter 1.2 --- Results Of The Study --- p.1-1 / Chapter 1.3 --- Conclusions --- p.1-2 / Chapter 2 --- INTRODUCTION --- p.2-0 / Chapter 2.1 --- Development Of The Hong Kong Securities Industry --- p.2-2 / Chapter 2.2 --- Statement Of Problem And Research Objectives --- p.2-10 / Chapter 2.3 --- Assumptions And Limitations --- p.2-11 / Chapter 2.4 --- Scope Of The Research --- p.2-12 / Chapter 3 --- RESEARCH METHODOLOGY --- p.3-0 / Chapter 3.1 --- Research Strategy --- p.3-2 / Chapter 3.2 --- Data Collection --- p.3-3 / Chapter 4 --- EXISTING SECURITIES CLEARING AND SETTLEMENT SYSTEM____ --- p.4-0 / Chapter 4.1 --- Securities Market Participants --- p.4-2 / Chapter 4.2 --- Physical Delivery Settlement System Overview --- p.4-8 / Chapter 4.3 --- Cost Structure --- p.4-13 / Chapter 4.4 --- Limitations And Drawbacks --- p.4-14 / Chapter 5 --- SECURITIES CLEARING SYSTEM IN OTHER PARTS OF THE WORLD --- p.5-0 / Chapter 5.1 --- Euro-Clear and CEDEL --- p.5-2 / Chapter 5.2 --- Asian Pacific Basin --- p.5-3 / Chapter 6 --- HONG KONG SECURITIES CLEARING COMPANY (HKSCC) --- p.6-0 / Chapter 6.1 --- Company Formation --- p.6-2 / Chapter 6.2 --- Organization Structure --- p.6-3 / Chapter 6.3 --- Top Management Of HKSCC --- p.6-6 / Chapter 7 --- OVERVIEW OF THE PROPOSED CENTRAL CLEARING AND SETTLEMENT SYSTEM --- p.7-0 / Chapter 7.1 --- CCASS Participants --- p.7-2 / Chapter 7.2 --- CCASS Accounts --- p.7-3 / Chapter 7.3 --- Central Securities Depository --- p.7-5 / Chapter 7.4 --- Trade Interface --- p.7-6 / Chapter 7.5 --- Clearing --- p.7-7 / Chapter 7.6 --- Settlement --- p.7-10 / Chapter 7.7 --- Electronic Money Settlement --- p.7-14 / Chapter 7.8 --- Fails Management --- p.7-15 / Chapter 7.9 --- Risk Management and Guarantee Fund --- p.7-16 / Chapter 7.10 --- Common Nominee Registration --- p.7-19 / Chapter 8 --- CCASS OPERATIONS --- p.8-0 / Chapter 8.1 --- Technical Environment --- p.8-2 / Chapter 8.2 --- Work Flow --- p.8-5 / Chapter 8.3 --- Tariff Structure --- p.8-13 / Chapter 8.4 --- Impacts To Participants --- p.8-17 / Chapter 9 --- RISK MANAGEMENT AND GUARANTEE SYSTEM (RMGS) UNDER CCASS --- p.9-0 / Chapter 9.1 --- Principles and Measures --- p.9-3 / Chapter 9.2 --- HKSCC's Guarantee --- p.9-5 / Chapter 93 --- Guarantee Fund --- p.9-6 / Chapter 9.4 --- Settlement Cap --- p.9-8 / Chapter 9.5 --- Securities-on-hold and Money Settlement --- p.9-10 / Chapter 9.6 --- Continuous Surveillance of Brokers --- p.9-12 / Chapter 9.7 --- Recommendations for Improvement on RMGS --- p.9-13 / Chapter 10 --- SHARE REGISTRATION SYSTEM (SRS) UNDER CCASS --- p.10-0 / Chapter 10.1 --- Certificated and Uncertificated Shares --- p.10-2 / Chapter 10.2 --- Mechanics of CCASS --- p.10-3 / Chapter 10.3 --- Registration at Participant-Participant Level --- p.10-4 / Chapter 10.4 --- Registration at Participant-Client Level --- p.10-5 / Chapter 10.5 --- Potential Problems of ccass Share Registration --- p.10-6 / Chapter 11 --- CCASS PROJECT DEVELOPMENT --- p.11-0 / Chapter 11.1 --- Project Cycle --- p.11-2 / Chapter 11.2 --- Financing --- p.11-5 / Chapter 12 --- FUTURE DEVELOPMENT --- p.12-0 / Chapter 12.1 --- Uncertification Of Shares --- p.12-2 / Chapter 12.2 --- Interface In National Language --- p.12-2 / Chapter 123 --- Delivery Versus Payment System --- p.12-3 / Chapter 12.4 --- Extension Of CCASS Services --- p.12-3 / Chapter 13 --- CONCLUSIONS --- p.13-0 / Chapter 13.1 --- Conclusions --- p.13-1 / Chapter 14 --- APPENDICES --- p.14-0 / Chapter 14.1 --- Glossary Of Terms --- p.14-1 / Chapter 14.2 --- Settlement Systems in Asian Pacific Region --- p.14-11 / Chapter 14.3 --- Bibliography --- p.14-12

by Lim Luen-ho. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references. / TABLE OF CONTENTS --- p.i / ABSTRACT --- p.iii / LIST OF TABLES --- p.v / ACKNOWLEDGEMENTS --- p.vi / INTRODUCTION --- p.1 / Internationalization of Securities Markets --- p.1 / Institutional Investors --- p.1 / Technological Developments --- p.2 / Growth Opportunities in Developing Countries --- p.2 / Deregulation of financial markets --- p.3 / Central Clearing and Settlement in Hong Kong --- p.4 / Objective of Study --- p.5 / METHODOLOGY --- p.6 / Data Collection --- p.6 / Sampling --- p.7 / WORLD-WIDE TREND IN THE DEVELOPMENT OF CLEARING AND SETTLEMENT OF SECURITIES --- p.8 / October Stock Market Crash of 1987 --- p.8 / Current Trend in the Clearing and Settlement System --- p.9 / Development of the Clearing and Settlement Systems in Asian Countries --- p.11 / Implications for Hong Kong Stock Market --- p.13 / Rebuilding of a Good Image as an Efficient Market --- p.13 / Competition from Other Markets Trading Hong Kong Listed Stocks --- p.14 / Competition from Other Asian Stock Markets --- p.15 / Prerequisite to Becoming a Regional Exchange in Long Run --- p.17 / Possible Directions for the Future Development of Central Clearing and Settlement Systemin Hong Kong --- p.18 / Allowing the investors (especially the institutional investors) to be the direct participants of CCASS --- p.19 / Linking CCASS to the settlement systems of other national markets --- p.19 / Issuing global certificates with the consensus of the issuers of the stocks --- p.20 / DEVELOPMENT OF THE CLEARING AND SETTLEMENT SYSTEM IN HONG KONG --- p.21 / History of CCASS --- p.21 / Current Issues --- p.25 / Cost Issue --- p.25 / Legislation Issues --- p.27 / Current Clearing and Settlement System --- p.28 / How a Trade is Settled --- p.28 / Issues of the Existing System --- p.30 / Too short settlement --- p.30 / Physical settlement --- p.30 / Exposures to counterparty risk --- p.31 / Chain reaction of settlement risks --- p.31 / Risks for loss of scrips --- p.31 / Central Clearing and Settlement System (CCASS) --- p.32 / Overview of CCASS Operation --- p.32 / Advantages of CCASS --- p.34 / Minimizing the need for physical delivery of share certificates --- p.34 / Eliminate the chance of losing scrips --- p.34 / Extended settlement period --- p.34 / Minimizing counterparty risk --- p.35 / Enhancing market development --- p.35 / Ability to handle huge amount of daily turnover --- p.36 / Implications --- p.36 / System Design --- p.36 / Managing of Conflicts of Interest --- p.40 / Registrars --- p.40 / Brokers --- p.41 / Custodians --- p.43 / CONCLUSION --- p.44 / The Role of Government in the Development of CCASS --- p.44 / Current Task of SFC concerning CCASS --- p.49