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BNP Paribas China’s new custodian bank licence will broaden cross-border offerings

BNP Paribas, Paris

BNP Paribas China Limited has received a custodian bank licence as part of China’s Qualified Foreign Investor (QFI) scheme, enabling the bank to offer full-scope services to foreign institutional investors in China, according to an announcement by the bank. With the new licence, the French lender’s onshore entity can now provide foreign institutional investors access to China’s domestic equities and…

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