“After recently receiving our China domestic fund custody license, this transaction is another testimony of our strong capabilities in securities services with a well-aligned offering for local and cross-border business,” says Tony Chao
Standard Chartered Bank (China) has taken on the role of the custodian in assisting a large overseas institutional investor to complete a stock borrowing deal in the A-share market
The first short selling transactions took place on 29 December marking the first time offshore investors could participate in MF&SS transactions on the Shanghai and Shenzhen stock exchanges
HSBC has facilitated the first onshore private fund investment via the Qualified Foreign Institutional Investors and RMB QFII/RQFII scheme in mainland China
In her new role, Noor Adhami will report to Brian Godins, head of securities services Asia Pacific, and Gavin Powell, head of markets and securities services Singapore
The model allows tax transparent funds to scrap the blended withholding tax rate system that has made their assets less attractive to borrow for nearly a decade, and thereby promises to boost lender revenue and market liquidity
HSBC has launched an improved fund administration solution for Asia-based insurance companies, after onboarding HSBC Life, its Hong Kong insurance business