Deutsche Bank China Appointed QDII Custodian

Deutsche Bank’s Chinese branch has been appointed the custodian for Hwabao Trust for its investments under China’s qualified domestic institutional investor (QDII) programme.
By Joe Parsons(2147488729)
Deutsche Bank’s Chinese branch has been appointed the custodian for Hwabao Trust for its investments under China’s qualified domestic institutional investor (QDII) programme.

Hwabao Trust has a QDII quote of $1.9 billion, the largest quota ever granted to a trust company in China.

Deutsche Bank will also act as the local mast custodian for the company’s equities investments in the Hong Kong market.

“This QDII mandate underscores the strength of our transaction banking franchise in Greater China. We look forward to building a successful partnership with Hwabao Trust,” says Vicky Tsai, head of Investor Services, China at Deutsche Bank.

«