Registration of securities and settlement of stock transactions shall be centralized and unified in China. 第一百四十九条证券登记结算采取全国集中统一的运营方式。
QFII should mandate its custodian to open a RMB settlement account on its behalf with securities registration and settlement institution. 合格投资者应当委托托管人在证券登记结算机构代为开立人民币结算资金账户,用于与证券登记结算机构进行资金结算。