The two investment schemes are a major part of China’s strategy to open its capital markets to global investors.
The two institutions will also explore opportunities to provide cross-border collateral management services for RMB-denominated securities.
The first T+3 trade occurs on China Interbank Bond Market (CIBM) after ‘important step’ to extend settlement cycle.
The new role will involve being responsible for helping drive China sales growth from Americas buy-side clients.
Speculation is mounting as to whether additional access schemes will be rolled out between China and other major regional markets.
New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
Interest in Greater China ETF grows but investors await international access schemes.
Respondents to Deutsche Bank’s Alternative Investment Survey believe Asia is the most sought-after investment region for the first time since 2010.
The ASIFMA paper suggested allowing investment managers and their lending agents, often global custodians, to carry out securities lending in the markets.