【导读】外资银行加速布局，汇丰中国落地首单本地公募基金托管业务 外资银行加速布局基金托管业务 中国证券投资基金业协会数据显示，截至2025年11月底，境内公募基金管理机构共165家，公募基金资 产净值合计37.02万亿元。托管业务作为资管生态链的关键环节，战略价值日益凸显。 记者从汇丰中国处了解到，该行此次作为托管银行，为易方达基金管理有限公司港股通消费混合型证券 投资基金提供了包括资金清算、资产估值、合规监督等在内的托管服务。 据悉，该基金也是易方达基金首只由外资银行托管的境内公募基金产品。此外，汇丰中国还是该基金首 次公开募集的代销银行之一。 汇丰中国副行长兼资本市场及证券服务部联席总监张劲秋表示："中国已成为全球第二大资产和财富管 理市场，大资管行业发展机遇广阔。汇丰加入公募基金托管这一黄金赛道，将发挥外资托管行'本地+全 球'的服务能力，积极支持中国本地基金的全球资产配置和海外业务布局，同时，推动全球资管机构深 耕中国市场，以跨境服务资源支持中国资本市场高质量发展。" 易方达基金副总裁王骏表示："近年来，公募基金行业正在加快实现高质量发展，此次与汇丰中国合 作，成功发行易方达基金首只由外资银行托管的境 ...

汇丰中国副行长兼资本市场及证券服务部联席总监张劲秋表示："中国已成为全球第二大资产 和财富管理市场，大资管行业发展机遇广阔。汇丰加入公募基金托管这一黄金赛道，将发挥 外资托管行'本地+全球'的服务能力，积极支持中国本地基金的全球资产配置和海外业务布 局，同时，推动全球资管机构深耕中国市场，以跨境服务资源支持中国资本市场高质量发 展。" 易方达基金副总裁王骏表示："近年来，公募基金行业正在加快实现高质量发展，此次与汇丰 中国合作，成功发行易方达基金首只由外资银行托管的境内公募基金产品，是我们推进产品 托管与渠道多元化的积极举措。汇丰在全球资产托管领域的丰富经验与先进理念，也将为易 方达响应资本市场高水平对外开放、加快国际化布局提供助力。" 【导读】外资银行加速布局，汇丰中国落地首单本地公募基金托管业务 中国基金报记者 马嘉昕 1月21日，汇丰银行（中国）有限公司（以下简称汇丰中国）宣布已落地其在中国境内市场的 首单公募基金托管业务。这意味着成功拓展公募基金托管业务的外资银行再添一家。 落地首单本地公募基金托管业务 记者从汇丰中国处了解到，该行此次作为托管银行，为易方达基金管理有限公司港股通消费 混合型证券投资基 ...

Core Viewpoint - The custody business is increasingly valued by banks, with a total scale of nearly 26.24 trillion yuan in interbank fund custody as of March 23, 2023, dominated by state-owned and joint-stock banks, leaving regional small and medium-sized banks at a significant disadvantage [1][4]. Group 1: Regulatory Developments - The China Securities Regulatory Commission (CSRC) has approved Suzhou Bank's qualification for securities investment fund custody, breaking a pattern where no Chinese banks had obtained such licenses since 2014 [2]. - Currently, there are 48 institutions, including 21 banks, with securities investment fund custody qualifications, highlighting the stringent requirements for banks to obtain this status [2][3]. Group 2: Market Dynamics - The top three banks in terms of custody assets are Industrial and Commercial Bank of China, China Construction Bank, and Bank of China, with total assets of 3.87 trillion yuan, 3.63 trillion yuan, and 2.68 trillion yuan respectively [4]. - The market concentration is expected to remain high, with major state-owned and joint-stock banks continuing to dominate the custody market [4]. Group 3: Challenges for Regional Banks - Regional small and medium-sized banks, such as Jiangsu Bank with a custody asset scale of 338.2 billion yuan, face significant challenges in competing with larger banks [4]. - To grow their custody asset scale, these banks need to leverage their local advantages, meet regulatory requirements, and enhance collaboration with public funds and asset management institutions [4][5]. Group 4: Strategic Recommendations - It is essential for small and medium-sized banks to invest in talent and technology while aligning their strategies to expand custody asset scales effectively [5]. - A cautious approach is advised, where banks should not blindly enter the custody business but rather assess their resources and strategic goals before making decisions [5].

Group 1 - Citibank (China) has obtained fund custody qualifications in China, following Standard Chartered Bank (China) [1] - The fund custody service will cater to both public and private funds within China [1] - Industry experts suggest that foreign banks may face disadvantages compared to domestic banks due to fewer branches and a smaller existing client base [1][3] Group 2 - Citibank aims to target cross-border and international clients to differentiate itself in the fund custody market [2][4] - The total assets of public funds, wealth management products, and other asset management projects in China reached approximately $16 trillion by April 2020 [2] - Citibank has been investing heavily in local custody, clearing, and fund service capabilities to capture opportunities in the Chinese market [2] Group 3 - The number of institutions with fund custodian qualifications has reached 48, with 28 being commercial banks as of July this year [3] - The top 18 fund custodians are all domestic banks, with Industrial and Commercial Bank of China holding the most funds at 1,124, amounting to approximately ¥2.41 trillion [3] - Citibank's entry into the fund custody market coincides with a booming new fund issuance environment in China [5] Group 4 - HSBC and Deutsche Bank are also pursuing fund custody qualifications in China, indicating a trend among foreign banks [4][5] - The rapid increase in new fund issuance and the expansion of the fund custody market are seen as significant opportunities for foreign banks [5] - The Chinese market offers substantial opportunities for global participants, and Citibank aims to leverage its global platform and risk management framework to support the development of China's financial market [6]

Group 1 - Chongqing Rural Commercial Bank has been approved by the China Securities Regulatory Commission (CSRC) to conduct securities investment fund custody business, making it the first commercial bank to receive this qualification in 2023 [1][2] - The CSRC emphasizes that Chongqing Rural Commercial Bank must strictly adhere to regulations and fulfill its responsibilities as a fund custodian, ensuring the integrity and independence of fund assets [2] - As of now, there are 37 banks with fund custody qualifications, including 6 state-owned banks, 12 joint-stock banks, 11 city commercial banks, 3 rural commercial banks, and 5 foreign banks [2] Group 2 - The total assets of public fund custody have exceeded 33 trillion yuan, with Industrial and Commercial Bank of China leading at 4.48 trillion yuan, accounting for 13.78% of the market [3] - Chongqing Rural Commercial Bank's total assets reached 1.51 trillion yuan by the end of 2024, reflecting a year-on-year growth of 5.13%, positioning it among the top listed rural commercial banks [3] - The bank's revenue turned positive in 2024, with operating income of 28.261 billion yuan, a year-on-year increase of 1.09%, and a net profit attributable to shareholders of 11.513 billion yuan, up 5.6% [3] Group 3 - The CSRC has released a draft for the revision of the "Regulations on the Management of Securities Investment Fund Custody Business," focusing on prominent industry issues [4] - The revision aims to address the concentration of the fund custody industry, where a few national commercial banks and securities companies hold 80%-90% of public and private fund assets [4] - The draft proposes to clarify business boundaries and enhance the responsibilities of custodians, addressing issues such as "custody without management" and the need for a market exit mechanism [4][5] Group 4 - Key measures in the revised regulations include improving entry thresholds, strengthening risk isolation, and solidifying custodian responsibilities [5][6] - The regulations require custodians to verify information provided by fund managers and to avoid "sick custody" situations, ensuring that custodians fully disclose risks [6] - The draft allows high-quality custodians to establish wholly-owned subsidiaries dedicated to custody business, subject to relevant financial regulatory requirements [6]