Standard Chartered becomes first foreign bank to close two milestone custody mandates in China
Two mandates make the custodian the first foreign bank to execute deals in both domestic mutual fund and WFOE segments.
Two mandates make the custodian the first foreign bank to execute deals in both domestic mutual fund and WFOE segments.
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.