Deutsche Bank (China) Co has today announced that it has received a domestic fund custody licence from the China Securities Regulatory Commission. Upon completing the relevant administrative process, Deutsche Bank China will be able to directly provide custody-related solutions to funds established in China.
Rose Zhu, Deutsche Bank China Chief Country Officer, said: "This comes at a time when many of our global institutional clients are actively exploring and acting on the unfolding opportunity to tap into the exponential China market, which is still fast growing and opening up.
"At the same time, the booming domestic fund industry is looking for global expertise to foster further development. This approval demonstrates Deutsche Bank's role in helping to further open China's financial market to the rest of the world."
Anand Rengarajan, Head of Securities Services Asia Pacific at Deutsche Bank, said: "We are optimistic about the prospects of China's fund management market, and hope to continue to sharpen our local securities services offering onshore."
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Deutsche Bank (China) Co has today announced that it has received a domestic fund custody licence from the China Securities Regulatory Commission. Upon completing the relevant administrative process, Deutsche Bank China will be able to directly provide custody-related solutions to funds established in China.
Rose Zhu, Deutsche Bank China Chief Country Officer, said: "This comes at a time when many of our global institutional clients are actively exploring and acting on the unfolding opportunity to tap into the exponential China market, which is still fast growing and opening up.
"At the same time, the booming domestic fund industry is looking for global expertise to foster further development. This approval demonstrates Deutsche Bank's role in helping to further open China's financial market to the rest of the world."
Anand Rengarajan, Head of Securities Services Asia Pacific at Deutsche Bank, said: "We are optimistic about the prospects of China's fund management market, and hope to continue to sharpen our local securities services offering onshore."
