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HSBC to support institutional investors with one-stop solution to access China’s domestic equity market

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HSBC’s Custody Plus platform provides investors with an integrated execution, custody and clearing and foreign exchange platform that removes the need to pre-deliver securities before the execution of sell orders on the Shanghai Stock Exchange. 

HSBC also offers institutional clients its leading equity brokerage platform on a standalone basis, as well as access to Shanghai-listed stocks via synthetic products. 

Ian Cohen, Chief Operating Officer, Equities, Asia-Pacific at HSBC, says: “Custody Plus provides clients with a platform that is flexible, secure and efficient to make the most of this unprecedented access to China’s domestic equity market.” 

With HSBC as custodian and broker in the Custody Plus proposition, the Bank can seamlessly execute, clear and settle orders and act as custodian on behalf of clients. This removes the associated risks and operational challenges involved with pre-delivering securities from a client’s custodian to its broker the day before the execution date, as is required by Stock Connect. 

Ian Banks, Head of Securities Services, Asia-Pacific, at HSBC, says: “A number of fund regulations do not allow funds to deliver their securities outside of a custodian before the trade. This platform helps our clients to solve this challenge and focus on their trading decisions.” 

With all ‘Northbound’ investments in Shanghai stocks from Hong Kong being denominated in renminbi (RMB), institutional clients can also benefit from HSBC’s position as the world’s leading international bank for RMB*. On 3 November, HSBC was designated by the Hong Kong Monetary Authority as one of the Primary Liquidity Providers for offshore RMB in Hong Kong. 

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