HSBC drives custody growth with China mandate wins

Securities lending also sees uptick as BNY Mellon and State Street announce new clients

China flag
HSBC leads the way in China

Asset-servicing mandate wins (August–November 2015) (PDF)

HSBC announced the most mandate wins over the past quarter, continuing to be buoyed by the fruits of its offering in China, where it is the first and only onshore-based foreign bank to provide B-share custody since 1992.

Among five wins, two included mandates as a custodian bank for clients that have recently secured regulatory approval under the Renminbi (RMB) Qualified Foreign Institutional Investor (RQFII) scheme, designed to open up C

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