Tuesday, February 14, 2017

KSD, signed with Beijing Industrial and Commercial Bank of China Head Office document custody agreement



[Korea goyounghun financial newspaper reporter] Korea Securities Depository (President yibyeongrae) announced that it has entered into an agreement for the China Securities kept 14 days in the morning and Commercial Bank of China headquarters in Beijing.

China stocks kept for domestic investors, indirect approach was the way was kept in a local custodian in China through its existing global investment bank. By allowing this way to keep yourself in the local Chinese bank, Industrial and Commercial Bank of China also available for cheaper than domestic investors and was able to provide efficient depository settlement services.

KSD is hugang barrel (August 2015), seongang barrel (December 2016) has provided a depository settlement services for the trading stocks stable. Currently, domestic investors are investing in foreign securities from around the world, a total of $ 30 billion in 37 markets, including the significant Chinese market through the Securities Depository.

Global 37 countries Depository that intermediaries in the US, Canada, Mexico, Argentina, Brazil, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Israel, Italy, Netherlands, Norway, Portugal, Spain, Sweden , Switzerland, United Kingdom, South Africa, United Arab Emirates, Australia, China, Hong Kong, Indonesia, Japan, New Zealand, Philippines, Singapore, Thailand, Taiwan and Vietnam.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com