Nonbank entities to be eligible for custody-services license

03/17/2013 | China Daily (Beijing)

Chinese nonbank financial intermediaries whose net assets top 2 billion yuan for three years running may apply beginning in June for licenses to offer custody services for securities investment funds. The China Securities Regulatory Commission will also require that applicants have an independent fund custody department, good security monitoring and a business operating system.

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China Daily (Beijing)

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