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

Interview: Asia’s sweet spots

Jul 05, 2019

As the US-China trade war ramps up with a hike in levies, Tai Hui, chief market strategist for Asia-Pacific at JP Morgan Asset Management, tells Romil Patel where he identifies investment value.

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

Roundtables

ESG roundtable: Are the ESG stars aligning across Asia?

Jul 05, 2019

Our panel of experts discusses driving higher ESG asset allocation in Asia, growing calls to address the global climate crisis and the importance of governance. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.