BNP Paribas has been granted a licence to provide custody services for China’s Qualified Foreign Investor (QFI) scheme. BNP Paribas can now directly support foreign institutional investors across the full scope of schemes, allowing access to China’s equities and bond markets, in addition to providing FX services.
BNP Paribas China Limited was one of the first foreign banks to be granted a bond settlement agent licence for the China Interbank Bond Market (CIBM) in 2016. BNP Paribas Securities Services Hong Kong also facilitates participation, via a special segregated account, in China’s Stock Connect schemes, as well as Bond Connect through its membership of the HKMA Central Moneymarkets Unit.