摘要
On December 12th, 2006, the secondday after the Chinese governmentopened in an all-round way the retailbusiness to foreign-funded banks inChina, Standard Chartered Bank putout an overseas money managementproject for clients, which is the firstone since the bank got QDII(Qualified Domestic InstitutionalInvestor) quota of US$500 million inOctober, 2006.An executive with Standard CharteredBank China holds that QDII will bethe turning point for foreign-fundedbanks including Standard Chartered Bank to open their retail business inChina. By the end of June, 2006, for-eign exchange reserve of China’smainland has reached US$941.1 bil-lion while foreign exchange depositof residents and organizations toppedUS$161.02 billion. The large amountof foreign exchange reserve calls forthe global deployment by large finan-cial institutions to divert the risk andbenefit from the global capital market.In fact, besides Standard Chartered Bank,all the foreign-funded banks with busi-ness in China take QDII very seriously.Both those which have already got theQDII quota and those still applying for itare racking their brain on the designingof the first QDII products. Comparedto domestic financial institutions, QDIIis a key opportunity for foreign-fundedbanks which are more familiar with theglobal banking rules.
On December 12th, 2006, the secondday after the Chinese governmentopened in an all-round way the retailbusiness to foreign-funded banks inChina, Standard Chartered Bank putout an overseas money managementproject for clients, which is the firstone since the bank got QDII(Qualified Domestic InstitutionalInvestor) quota of US$500 million inOctober, 2006.An executive with Standard CharteredBank China holds that QDII will bethe turning point for foreign-fundedbanks including Standard Chartered Bank to open their...
