(China) – Deutsche Bank and US investment bank Goldman Sachs have both independently confirmed they are applying to become among the first banks in China to achieve QFII status, which allows them to provide custodial services for the country’s investment market.According to China’s official “Securities Times,” ten foreign banks have obtained QFII custodian qualifications.
Of those banks, Deutsche is one of the most active in pursuing the opportunity, and will meet 80 public companies and 200 institutional investors in Shanghai next week.
Goldman Sachs also confirmed it would also attempt to be one of the first to achieve QFII status.