汇丰中国落地首单 本地公募基金托管业务

Group 1 - Foreign banks are increasingly participating in China's asset management market, with HSBC China officially launching its first public fund custody service for E Fund Management Co., Ltd. [1] - HSBC China provides comprehensive custody services including fund clearing, asset valuation, and compliance supervision for the E Fund's Hong Kong Stock Connect Consumer Mixed Securities Investment Fund, marking it as the first public fund product in China to be managed by a foreign bank [1] - The Chinese asset management industry is recognized as the second largest globally, presenting significant growth opportunities, and HSBC aims to leverage its "custody + channel" model to deepen its service to local fund companies [1] Group 2 - As of November 2025, there are 165 domestic public fund management institutions in China, with total net assets amounting to 37.02 trillion yuan, highlighting the growing scale of the public fund industry [2] - The collaboration between E Fund and HSBC China is seen as a strategic move towards diversifying product custody and channels, with HSBC's global experience expected to support E Fund's internationalization efforts [2] - HSBC China received approval for securities investment fund custody in October 2024 and has initiated local fund custody services, with its custody business scale exceeding 11.98 trillion USD as of September 2025 [2]