Citi Supports Korea Link to Stock Connect

Citi has been selected by the Korea Securities Depositary (KSD) as its custodian bank for the Shanghai-Hong Kong Stock Connect link.

The link will enable Korean investors, using the KSD for depositary and settlement services, to invest in the Shanghai and Hong Kong stock exchanges. It will also enable KSD to provide cross-border deposit and settlement services through Citi as its custodian.

“This partnership will provide a good platform for facilitating cross-border investment flow from Korea to China A-share market and enable local brokers in Korea to transact using different China Connect brokers. KSD will also be able to better safeguard Korean investors’ investment in A-shares,” said Jaehoon Yoo, chairman and CEO, KSD.