Examples of SSE Securities in a sentence
Whether the PRC competent courts will accept the lawsuit directly initiated by Hong Kong and overseas investors to enforce the rights and interests over SSE Securities are to be tested.
Despite the legal terminology issues, it is well clarified in the relevant CSRC regulations that the rights and interests of SSE Securities are vested in Hong Kong and overseas investors.
However, with respect to certain rights and interests of SSE Securities (such as some minority shareholders’ rights) that can only be exercised via bringing legal actions to PRC competent courts, it is uncertain whether such rights could be enforced since HKSCC has made it clear in CCASS rules that HKSCC shall have no obligation to take any legal action or court proceeding to enforce any rights on behalf of the investors.
Hong Kong and overseas investors will be able to trade SSE Securities.
It should be noted that, under PRC laws, the rights and interests over SSE Securities are owned by Hong Kong and overseas investors (including the Fund) and shall be exercised through HKSCC as the shareholder of SSE Securities.