On July 10, the China Securities Regulatory Commission and the China Banking and Insurance Regulatory Commission jointly issued the revised administrative measures for the custody business of securities investment funds. The main revised contents are as follows: According to the unified arrangement of opening up the financial industry of the state, foreign banks are allowed to apply for the qualification of Securities Investment Fund custody business qualification in China, including branches of foreign bank in China. Appropriately adjust the net asset access criteria for fund custodians, strengthen centralized and unified management of fund custody business, and improve the continuous complianceRead More →
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