New Rules on QFII Custodian Banks
October 31, 2003 | BY
clpstaff &clp articlesThe State Administration of Foreign Exchange (SAFE) issued the QFII Foreign Exchange Operation Circular (the Circular) on September 9 2003. The Circular…
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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