Standard Chartered China becomes the first foreign bank to host public mutual funds for Qualified Domestic Institutional Investors (QDII).

On March 12, Standard Chartered Bank Limited announced that it will provide custody services for the Fengyun Hong Kong Advantage Selected Stock Type Initiating Securities Investment Fund issued by Shanghai Guotai Junan Securities Asset Management Co., Ltd. Standard Chartered China has thus become the first foreign bank to provide custody services for public offering QDII funds and initiating funds.