The Asset: Citi China completes securities lending trades under new QFII regime

Citi China said on Monday (November 2) its direct custody and clearing (DCC) business has completed a series of securities lending transactions in the country’s A-share market as the custodian for a prominent global client under the Qualified Foreign Institutional Investors (QFII) scheme.

This makes Citi one of the first custodian banks in China to support the expanded QFII investment scope (including securities lending, margin trading and securities financing, financial and commodity futures, options, and private funds) under the new QFII regulation which took effect on November 1.

Originally launched in 2003, the QFII programme provides global investors with direct access to China’s capital markets. It has evolved through the years — the Renminbi QFII was launched in 2010, and the Stock Connect programme was introduced in 2014. The latest developments in 2020 include the removal of investment quota restrictions by the State Administration of Foreign Exchange and the announcement of the new QFII regulation by the China Securities Regulatory Commission.

The full article is available at

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