Seizing the Asset Custody "Golden Track," Foreign Banks Break Through with Cross-Border Advantages

HSBC Bank (China) recently announced the completion of its first public fund custody business in the country. This is not an isolated case; in recent years, many foreign banks have accelerated their layout in asset custody business in China, expanding their services from providing custody for domestic investments by foreign institutions to offering custody services for domestic wealth management products and fund products. With deep compatibility with the global market system, foreign banks are positioning cross-border asset custody business as their core advantage and using it as a breakthrough for differentiated competition