Singapore Exchange says its renminbi equity trading facility will offset market risks that might arise from Hong Kong Exchange's platform.
Tag : icbc
The deal by Hong Kong-based GCS, a low-key private equity firm, includes a distribution agreement with ICBC to offer European-managed fund products to Asian investors.
They eagerly await regulatory approval for the first fund admin outsourcing deal, while some see the opening of local custodian business to foreign banks as imminent.
