HSBC is the first foreign bank to provide Qualified Domestic Institutional Investor (QDII) products in mainland China. The bank received approval from China's State Administration of Foreign Exchange (SAFE) for a quota of US$500 million for its QDII services in August.
HSBC's QDII offerings, under the Chinese name of Hui Ju Tong, comprise two capital-protected investment products. One is linked to a basket of currencies and the other is linked to Hong Kong's Hang Seng index. HSBC has develope