Overseas Banks Ready For Mutual Funds
FOUR overseas banks yesterday said they are poised to sell mutual funds as regulators open the business on October 1.
HSBC, the biggest overseas bank in China, yesterday said it welcomes the move and will "proactively launch the business once it gets regulatory approval." Bonnie Qiu, head of personal financial services at HSBC China, said mutual funds will help overseas banks complete product lines.
On Tuesday, China posted new rules to allow overseas banks to distribute mutual funds. At present, the business is only open to domestic banks. Bank of East Asia also welcomed the move, as did Citibank (China) and Standard Chartered.
HSBC, the biggest overseas bank in China, yesterday said it welcomes the move and will "proactively launch the business once it gets regulatory approval." Bonnie Qiu, head of personal financial services at HSBC China, said mutual funds will help overseas banks complete product lines.
On Tuesday, China posted new rules to allow overseas banks to distribute mutual funds. At present, the business is only open to domestic banks. Bank of East Asia also welcomed the move, as did Citibank (China) and Standard Chartered.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.