Global Custodian Winter 2018 | Page 29

[ A D V E R T O R I A L ] China in terms of AUC ranked by PBOC. CCB has been awarded as the ‘best bond market maker’ in CIBM by PBOC for the last nine years and has also been named “Top derivatives market maker” by CFETS for five consecutive years. clude Hong Kong, UK, Singapore, France, South Korea, Germany, Qatar, Canada, Australia, Luxembourg, Chile, Hungary, Malaysia, UAE, Thailand, the United States, Ireland and Japan. By 30 October, 2018, there were 307 QFII license holders with $100.3 billion investment quotas granted. Two hundred and twenty-six institutions have obtained RQFII licences and a total of RMB 642.67 billion invest- ment quotas has been granted. CCB: Your ideal partner for investing in China China Construction Bank Corpora- tion, established in October 1954 and headquartered in Beijing, is a leading commercial bank in Mainland China with a world-renowned reputation. The bank was listed on the Hong Kong Stock Exchange in October 2005 (stock code: 939) and on the Shanghai Stock Exchange in September 2007 (stock code: 601939). CCB is one of the top listed banks in the world by market, with total assets of RMB 23.35 trillion by the third quarter of 2018. The bank has nearly 15,000 branches and subsidiaries with 350 thousand staff, in- cluding 29 overseas institutions in Hong Kong, Singapore, New York, London, etc. The bank provides services to over three million corporate customers and over 300 million personal customers. CCB established its custody services in 1998, along with the emergence of the mutual fund industry in China and has been one of the leading custodian banks ever since, with custody assets of $1.7 trillion by September 2018. CCB also pro- vides high-quality and customer-oriented custody services to foreign investors. As the first domestic bank in China to pro- vide QFII/RQFII custody services, Mu- tual Recognition of Funds (MRF) agency services and WFOE services, it has accu- mulated rich experience and a profound understanding of the local market, which can greatly assist foreign clients in setting up their foothold in China. Now more than 80 global investors have mandated CCB as their QFII/RQFII custodian, CCB is the first and largest Chinese custodian in cross-border custody in terms of AUC among the Chinese peers. Market-leading innovation capability CCB is the first and the only bank providing agency service to Mutual Recognition of Funds (MRF) in main- land China, and the first bank providing integrated services to WFOE, covering custody, TA, fund administration and investor services. of 16.23%, and has enjoyed continuous profit increases in the last ten years since it went public. Safe & efficient clearing bank for major markets CCB is one of the major clearing banks of the stock exchanges, futures exchang- es, and the interbank bond market. Settlement with these markets involves money transfer within CCB’s proprietary clearing system, which ensures safe and efficient clearing. Leading position in China Interbank Bond Market (CIBM) CCB is the largest CIBM trading agent in Client-oriented custody services The cross-border custody team, com- posed of 45 dedicated professionals, guar- antees clients local knowledge as well as an understanding of global practice. The team has rich experience in application, a close connection with regulatory au- thorities, and in-depth involvement in the local regulations. We are one of the major participants in the drafting of the rules and regulations. Prestigious reputation Since 2005, CCB has won over 20 custody awards from home and abroad, including six consecutive “Top Rated Custodian in China” awards by Global Custodian from 2009 to 2016, four “Best Sub Custodian in China” awards by THE ASSET, and “Best Custodian System Implementation” award by THE ASIAN BANKER in June, 2017. A solid financial status guarantees a good custodian As one of the top banks globally with total assets of RMB 23.35 trillion, CCB main- tains a sufficient capital adequacy ratio Winter 2018 globalcustodian.com 29