BBH BECOMES CUSTODIAN OF BOC QDII AGAIN
AsiaInfo Services, November, 2007
AsiaInfo Services 11-14-2007 BBH Becomes Custodian of BOC QDII Again BEIJING, Nov 14, 2007 (SinoCast via COMTEX) -- Brown Brothers Harriman & Co., one of the largest banks in the US, teams up with Industrial and Commercial Bank of China (ICBC, SEHK: 1398; SHSE: 601398) again to be custodian of the third QDII (qualified domestic institutional investor) product to be released by Bank of China (BOC, SEHK: 3988; SHSE: 601988). The US giant also will offer accounting and management services, and funds supervision and execution services. The new QDII product to be released by BOC, one of the Big Four lenders in China, will make investment in the US dollar-denominated fixed-income assets via the US and European bonds clearing system, and the open-end funds in the...
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