QFII CUSTODIAN QUALIFICATION TO BE AWARDED IN NEAR FUTURE
AsiaInfo Services, January, 2003
AsiaInfo Services 01-23-2003 QFII Custodian Qualification to Be Awarded in Near Future BEIJING, Jan 23, 2003 (SinoCast via COMTEX) -- So far, none of the commercial banks has obtained the custodian certification for QFII. The first batch of certification will be awarded in near future. Previously some media said that 9 banks from both home and abroad including Industrial and Commercial Bank of China and Bank of China had obtained QFII custodian qualification per the approval of People's Bank of China (PBC).
However Provisional Measures Concerning Administration over QFII Trade in Domestic Securities (the Measures) prescribes that the custodian qualification should be examined and approved by China Securities Regulatory Commission (CSRC), PBC and State...
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