HSBC Securities Services secures onshore mutual fund custody mandate
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HSBC Securities Services secures onshore mutual fund custody mandate 26 January 2026China Reporter: Tahlia Kraefft
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HSBC secured its first onshore mutual fund custody mandate in mainland China, having been chosen as custodian bank for a fund issued by E Fund Management.
The firm says the mutual fund market in mainland China continues to demonstrate growth, reaching 37.02 trillion renminbi (US$5.3 trillion) as of the end of November 2025, citing statistics from the Asset Management Association of China (AMAC).
Ivy Zhang, co-head of Markets and Securities Services, HSBC China, shares: “China is the second largest asset and wealth management market globally. With enormous growth potential, we’re well-positioned to provide mutual fund managers with integrated financial services.”
This new mutual fund marks E Fund’s first onshore mutual fund to partner with a foreign custodian bank, a milestone for both organisations.
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