Two more banks on A-share custodian list | SCMP

27 Oct 2008
Posted by loner

China Construction Bank and Bank of Communications have gained central bank approval to act as custodians for overseas investors buying local-currency shares.

HSBC Holdings, Citigroup, Bank of China, Industrial & Commercial Bank of China and China Merchants Bank have all been approved as custodians by the central bank.

Participating money managers, insurance companies and brokerages must designate a custodian - responsible for submitting the relevant documents to the China Securities Regulatory Commission and the State Administration of Foreign Exchange. Those two bodies also have to approve applications from banks wishing to be custodians. All of the banks so far named are still awaiting this endorsement. more

What did I say then?

삼성證, '슈퍼스텝다운 플러스 ELS' 출시 (4 years 5 weeks ago): 삼성증권은 24일 기존 슈퍼스텝다운 ELS에서 진화한 ‘슈퍼스텝다운 플러스 ELS’를 출시했다고 밝혔다. 26일까지 100억 한도로 판매하는 이 ELS(2365회)는 한국전력과 하이닉스를 기초자산으로 2년 후 두 종목의 주가가 45%이상 하락하지 않으면 연 27% 수익을 지급하는 상품이다.