Standard Chartered has suspended new investments by its clients in China into offshore products including structured products via the qualified domestic institutional investor (QDII) scheme.
In a client note, the UK bank said it would not take new subscriptions into offshore-domiciled funds sold via the QDII scheme starting 22 February. Standard Chartered China has suspended the subscription of relevant products for commercial reasons “Standard Chartered China has suspended the subscription of relevant products for commercial reasons, ” a spokesperson at Standard Chartered told SRP. The bank did not elaborate on the commercial reasons behind the suspension of
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