Citi has launched domestic securities investment fund custody services in China after receiving final approval from the China Securities Regulatory Commission to operate fund custody services in the country
“As the needs of asset managers and asset owners continue to evolve, J.P. Morgan is investing in the people, technology and capabilities to help its clients achieve their strategic growth objectives," says Teresa Heitsenrether
“We are excited to be able to support one of Asia’s leading fixed income specialists here in Hong Kong as they operate their first northbound mutual fund," comments Julie Kerr
The six banks are all preparing to use the platform’s expanded capabilities to enable new services, improve efficiency and reduce costs when the platform goes live in November 2022
The funding will be used for accelerating market adoption of the HQLAx platform by expanding product scope and functionality, while further extending connectivity to the industry