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.
The appointment is the latest in a string of hires by TMF Group as it looks to bolster its global fund administration capabilities with seasoned experts.
HSBC has recently been named the securities services provider for several new landmark ETF launches across APAC.
The mandate comes as Luxembourg aims to become the gateway for Chinese asset managers to launch locally domiciled funds.