BNY Mellon's former country executive for China, Robert Kung, who will be retiring following a five year stint with the global custody bank.
The adoption of the new settlement system could significantly boost foreign investment into the Chinese domestic bond market.
China's inclusion into the MSCI Emerging Markets Index has driven a dramatic increase in foreign institutions opening up special segregated accounts (SPSAs).
Positive sentiment to investing in China has largely been influenced by clearer and more flexible access schemes for foreign investors.
The launch of the service follows the go-live of China A-Shares on the MSCI Emerging Markets Index for the first time.
Around 70% of the nearly 230 mainland-traded stocks joined MSCI’s emerging markets and global indexes on Friday.
Standard Chartered's North Asian securities services experts to step down, custodian plans to finalise a successor in the coming weeks.
Regulators are planning to include ETFs to the China-Hong Kong Stock Connect trading programme potentially by the end of the year.