Product Name
Access to China Capital Market Services (QFI and CIBM)
Introduction
Bank of China Singapore Branch provides full cross-border investment solutions for Singapore-based Financial Institution clients to enter China’s capital market, assist in the Qualification and application, Capital Account and Trading account opening, settlement and custody services in China. Financial Institutions can choose QFI channel to invest in China Capital Market, or invest in China Inter-Bank Bond Market directly.
Qualified Foreign Investor (QFI) Scheme is formed by combining the previous Qualified Foreign Institutional Investor (QFII) scheme and RMB Qualified Foreign Institutional Investors (RQFII) scheme. It is a transitional arrangement that allows institutional investors who meet certain qualification to invest in a limited scope of cross-border securities products.
Qualified Foreign Investor (QFI) Scheme allows investor to invest in China onshore market. Products made available under the scheme include 1) Listed Stock, DR, Bonds, Bond Repos, ABS traded on stock; 2) Shares transferred on NEEQ; 3) Cash bond and derivatives on bonds, interest rates and FX in CIBM; 4) Mutual Fund; 5) Stock futures(for hedging purpose) and other financial futures contracts in CFFEX; 6) Commodity futures on futures exchanges; 7) Options; 8) FX derivatives(for hedging purpose); 9) Private investment fund; 10)Subscription for Stock IPO and seasoned offering, Bonds and ABS initial offering in stock exchanges and NEEQ; 11) Engage in Margin Trading, securities financing and securities lending in stock exchanges; 12) Other financial instruments approved by CSRC.
The China Inter-Bank Bond Market scheme (CIBM) is a major milestone on China’s ongoing journey to open up its financial markets to the world. Since 2016, qualified foreign registered Financial Institutions such as Commercial Banks, Insurance Companies, Securities Firms, Fund Management and other Asset Management Companies are allowed to invest directly into China Inter-Bank Bond Market through this CIBM scheme.
Product Features
1.Bank of China Singapore Branch works closely with Bank of China Head Office to understand your cross-border investment needs and tailor professional solutions for all your funding requirements.
2. Assist clients closely in terms of applying QFI qualification, investment quota, interbank bond market investment license through CSRC, SAFE and PBOC.
3. Bank of China Singapore Branch has assisted several financial institutions to enter China’s Capital Market with our rich experience and leading position in Market.
Eligible Applicants
Financial institutions registered in Singapore and regulated by local authorities including fund management institutions/asset management companies, commercial banks, insurance companies, securities companies, futures companies, trust companies, government investment management companies/ sovereign funds, pension funds, international organization, charity funds/endowment funds, trading companies with futures and securities investment experience, other institutions recognized by CSRC.
Contact
usPlease contact our Financial Institution Department at 6412 9899 / 6412 8780.
