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

Opinion

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Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...

Roundtables

Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.