News

Standard Chartered granted “first” fund custody licence in China

Standard-Chartered-Bank-Hong_KongStandard Chartered Bank has been granted a domestic fund custody licence by the China Securities Regulatory Commission – which the firm claims is a first for an overseas bank. It will allow Standard Chartered China to directly participate in and provide custody-related services to investment products offered by domestic funds and asset managers in the world’s most populous country. “China is of strategic importance to Standard Chartered,” said Bill Winters, group chief executive at the firm. “With the inclusion of Chinese shares by major world indices, China is already being recognised as a major financial market,” he added. China boasts the third-largest equity and bond market in the world, with a total market size of almost $20 trillion (€17.6 trillion). Margaret Harwood-Jones, global head of securities services and transaction banking at Standard Chartered, said: “With this licence, we are well-positioned to help investors navigate and capitalise on the opportunities in China’s rapidly growing capital market.” ©2018 funds global asia

Executive Interviews

Executive interview: The man who made Aberdeen

Mar 04, 2021

Martin Gilbert reflects on nearly four decades as Aberdeen CEO, including what he brought to the company, his regrets at not entering into private markets earlier, and passing like ships in the...

Executive interview: Staying agile on the pandemic plan

Nov 05, 2020

Terry Pan, chief executive for Greater China, southeast Asia and Korea at Invesco Asia Pacific, tells us about managing a business during Covid-19, opportunities on the continent and US-China...

Roundtables

Hong Kong roundtable: Increasing China’s prominence as an asset class

Mar 04, 2021

Our line-up of experts in Hong Kong considers the importance of fixed income ETFs, sustainability and the prospects of increasing China in the indices. Chaired by Romil Patel.

Roundtable: ‘What’s priced in versus what surprises’

Jan 04, 2021

As we head into 2021, our panel of experts in Singapore pore over the key risks that are not fully priced in, the impact of the incoming Biden administration on Asia and the dominant investment theme that is China. Chaired by Romil Patel.