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Standard Chartered China becomes the first foreign bank to custody public QDII funds
Standard Chartered Bank (China) Limited (“Standard Chartered China”) announced today that it will provide custodial services for the Guotai Haitong Hong Kong Stock Advantage Select Stock-initiated Securities Investment Fund issued by Shanghai Guotai Haitong Securities Asset Management Co., Ltd. (“Guotai Haitong Asset Management”). This makes Standard Chartered China the first foreign bank to custody public QDII funds and initiated funds.