The hire will aid TMF Group's goal of developing and maintaining its funds network of and business development opportunities in China.
Short selling and margin financing volumes by offshore investors in China are set to take off following the new relaxation measures last month.
Citi, HSBC and Standard Chartered all successful facilitate margin financing and securities borrowing transactions in China for global investors under the Qualified Foreign Institutional Investors (QFII) scheme.
The fund invested is the first private fixed income fund launched by Barings Investment Management (Shanghai).
The two market infrastructures have teamed up to launch Yulan bonds, connecting global investors to Chinese issuers without navigating China’s settlement system.
HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.
The deal expands State Street’s current mandate with PAOH as the custodian and fund administration of the Ping An Global Infrastructure funds.
GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
Citi and HSBC were the two custodian banks that facilitated the completion of the securities lending transactions in the China A-shares market.