BEIJING, Jan. 30 (Xinhua) -- Dalian Commodity Exchange (DCE) announced Tuesday that it had approved HSBC Bank (China) Company Limited as its designated futures guarantee depository bank which is allowed to carry out overseas customer deposit management business, reported Shanghai Securities News.
This is the first time that DCE has brought in foreign-funded banks as the futures guarantee depository bank. HSBC Bank (China) is also the 12th bank approved by the DCE to carry out overseas customer deposit management business.
Along with internationalization, DCE actively introduces foreign banks as futures guarantee depository banks to improve and optimize the overall structure of depository banks, according to a source with DCE.
Starting business in 2007, HSBC China was one of the first-batch locally registered foreign-funded banks. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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