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QFII Securities Investment Custody

Qualified Foreign Institutional Investors (QFIIs) are foreign funds management institutions, insurance companies, securities companies, and other asset management institutions approved by the China Securities Regulatory Commission (CSRC) to invest in Chinese securities market and which, additionally, have also obtained an approved investment quota from the State Administration of Foreign Exchange (SAFE).

The QFII Securities Investment Custody is a package of domestic securities market custody services that ABC provides to QFIIs, including safe-keeping, clearing and accounting, investment oversight, and proxy voting These services are further described below:
1. Open securities custody accounts and RMB and USD settlement accounts for QFIIs that ensure asset safety.

2. Process inward and outward remittances, currency exchange, foreign exchange receipt and payment, and retention of relevant documentation.

3. Effectuate clearing and delivery under settlement instructions of QFIIs or their investment managers in accordance with the custody agreement.
4. Oversee investment operations and immediately report any illegal or non-complying investment instruction to regulators on behalf of customers.
5. Submit regulatory reports to regulators on behalf of customers pursuant to relevant laws and regulations.

As one of the first financial institutions approved by CSRC and PBOC to operate the securities investment fund custody business, ABC has been offering QFII custody services since 2003. ABC has efficient, professional customer service and operation teams that provide flexible services tailored to customer needs. We are well positioned to assist our customers in all aspects of securities investments in the Chinese capital market. 

1. The QFII customer enters into a custody agreement with ABC.
2. ABC assists the customer in preparing application documents for QFII securities investment qualification and investment quota as required by regulators, and submits these application documents to regulators.
3. After the customer obtains approval for securities investment qualification and an investment quota, ABC opens securities account and RMB and USD fund accounts for the customer.

4. ABC assists the customer in processing day-to-day clearing and accounting of securities transactions, overseeing investments, and reporting to regulators.

Application Channels
The Custody Department of ABC Head Office takes charge of management and operation of QFII custody business. Please directly contact this department if you choose ABC as your custodian.   

QFIIs cannot apply to SAFE for outward remittance of funds until the time limit specified by SAFE expires.

Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599


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