Southbound trading under Bond Connect to go live next week
Regulators give the green light to a Southbound Bond Connect channel, connecting Mainland China investors to the Hong Kong bond market to encourage outbound investment.
Regulators give the green light to a Southbound Bond Connect channel, connecting Mainland China investors to the Hong Kong bond market to encourage outbound investment.
The expanded partnership will help facilitate the clearing and settlement of both Shenzhen- and Shanghai-listed equities.
GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
Former State Street APAC COO and FinTech founder joins BNY Mellon to lead its asset servicing and digital agenda in the region.
Former Citi and JP Morgan client services head joins up with Northern Trust in Hong Kong.
Bank maintains that its securities services business including custody services will not be affected by the deal.
The Limited Partnership Fund Bill will go far in Hong Kong’s bid to rival the most popular fund centres in the world.
Standard Chartered has recently undergone a major restructuring to the securities services business after combining it with prime finance services.
Korea has become a key part of BNY Mellon’s APAC strategy after it won a global custody mandate from the National Pension Service of Korea in late-2018.
JP Morgan remains country’s largest custodian, while Citi and Northern Trust see large rises in assets under custody.