New Rules on QFII Custodian Banks

The State Administration of Foreign Exchange (SAFE) issued the QFII Foreign Exchange Operation Circular (the Circular) on September 9 2003. The Circular…

3 minute readOctober 31, 2003 at 11:58 PM

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The State Administration of Foreign Exchange (SAFE) issued theQFII Foreign Exchange Operation Circular (the Circular) on September 9 2003. The Circular provides that, while custodian banks may keep payment

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