Definition:
§ Qualified Foreign Institutional Investor (QFI) Scheme is an arrangement that China introduced limited foreign capital and opened-up capital market for access to PRC market while China's currency policy has not yet achieved full convertibility and its capital market has not yet been fully open
§ QFI enable qualified institutional investors to gain direct access to China capital market investing in China A-share market, interbank bond market and other permissible investment scope after getting license approval by the China Securities Regulatory Commission
Advantages of Bank of Communications:
§ First batch of custodian banks to carry out QFI business, with profound custody experience and wide product coverage
§ Professional and well-educated team, providing customers with dedicated account managers, one-stop service experience, and multilingual support
§ One of the few Chinese custodian banks that have established professional asset custody centers overseas, which can provide onshore and offshore integrated custody services. And familiar with the relevant laws and regulations