HSBC first on the scene with QDII products in China

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 developed

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