CMB BECOMES A QFII CUSTODIAN
AsiaInfo Services, April, 2003
AsiaInfo Services 04-28-2003 CMB Becomes A QFII Custodian SHANGHAI, Apr 28, 2003 (SinoCast via COMTEX) -- Recently China Merchants Bank (CMB) obtained the qualification to provide QFIIs custodian services in trading of domestic securities. Previously, CMB had obtained funds custodian qualification and entrusted investment management custodian qualification. Executive from CMB said that custody businesses would facilitate CMB to increase more business categories, expand intermediate businesses, widen profits channel and adjust business structure. To prepare for the QFII custody businesses, CMB exchanged QFII related issues with some financial institutions and signed cooperation agreements with several domestic big securities traders in QFII asset custody, securities...
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