In order to facilitate the implementation of the December 1 2002 Administration of Securities Investments in China by Qualified Institutional Investors Tentative Procedures (the QFII Tentative Procedures) the People's Bank of China (PBOC) issued the Issues Relevant to the Application by Commercial Banks for Engaging in the Custody Business of Domestic Securities Investments by Qualified Foreign Institutional Investors Circular (the Circular).
How to Set-up a QFII Custodian Business
In order to facilitate the implementation of the December 1 2002 Administration of Securities Investments in China by Qualified Institutional Investors…
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