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Hong Kong, 14 April 2015
PRESS RELEASE
BNP Paribas Securities Services
wins RQFII mandate from
China Universal Asset Management
BNP Paribas Securities Services, a global custodian with USD 9 trillion in assets under custody,
today announced it has been mandated by China Universal Asset Management (Hong Kong)
Company Limited (CUAMHK) to provide custody and fund administration for its RQFII UCITS fixed
income fund as well as to facilitate access to the Shanghai Hong Kong Stock Connect programme.
CUAMHK is the wholly owned subsidiary of China Universal Asset Management Company Limited,
which manages assets in excess of USD 37 billion*. It specialises in China-related investment
management solutions and is one of the fastest growing asset managers in China.
Working with BNP Paribas Securities Services, the progressive UCITS vehicle will allow CUAMHK
to distribute its funds in multiple jurisdictions across Europe and Asia for the first time,
diversifying its client and investment base. CUAMHK launched their first RQFII fund in Hong Kong
in 2012, their current RQFII quota standing at RMB 3.1 billion.
Shelley Yang, Managing Director and Head of International Business of CUAM, commented:
“RMB internationalisation will further enhance the demand for access to the Chinese mainland
market. With our upcoming UCITS funds we will provide this possibility through RQFII and also
Stock Connect. We are very happy to work together with BNP Paribas Securities Services on
these endeavours, who have proved to be a reliable and trusted partner.”
Stephanie Marelle, Head of Hong Kong, BNP Paribas Securities Services, added: “We are
delighted to partner with CUAMHK as they seek to distribute their RQFII UCITS product more
widely. In addition, the investment options presented by combining RQFII quotas and Stock
Connect Northbound trading enhance diversity and present opportunities not available
previously.”
* figures as of Q4 2014
-endsPress Contacts
Lilian Goh
lilian.goh@asia.bnpparibas.com
Christine Chan christine.chan@asia.bnpparibas.com
Jonathan Taylor jonathan.taylor@bnpparibas.com
+852 2909 8813
+852 2909 8847
+44 207 410 3242
BNP Paribas Securities Services on Twitter - @BNPP2S
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Notes for Editors
About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian
and securities services provider backed by the strength of a universal bank. It provides integrated solutions for all
participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. Covering over 100
markets, with our own offices in 34 countries, the BNP Paribas network is one of the most extensive in the industry.
We bring together local insight and a global network to enable clients to maximize their market and investment
opportunities worldwide. Key figures as of 31 December 2014: USD 8.95 trillion assets under custody, USD 1.717
trillion assets under administration, 8,134 administered funds and 8,800 employees.
About China Universal Asset Management
China Universal Asset Management is one of the fastest-growing and well-respected asset managers in China. Our
mission, in order of importance, is to enrich clients, empower employees, and reward shareholders.
We opened for business in February 2005, almost 10 years ago. Since then, our unwavering commitment to our
mission has driven rapid growth in our retail and institutional client base. Today we manage assets in excess of
US$37Bn through both segregated mandates and our range of 50 mutual funds across China's equity, fixed income and
money market asset classes.
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