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  Home Page > Corporate Banking >Assets Custody Business >Custody Services for Securities Investment Fund
Custody Services for Securities Investment Fund
 

I. Business Overview
In February 1998, ICBC became the first commercial bank with custody qualifications for securities investment fund in China. In the past 16 years, ICBC has been committed to rendering quality and efficient custody services for its fund shareholders and fund management companies. Through relentless efforts, its fund custody has been widely recognized by fund shareholders and fund management companies. As at the end of 2015, it had managed 522 securities investment funds worth RMB1,940.5 billion, with a market share of 23.26%, securing the No.1 position in terms of scale of funds under custody in the industry.
ICBC’s custody services cover a wide range of funds, nearly all major kinds of fund products on the market.

II. Target Customers
Fund shareholders
Fund management companies

III. Scope of Services
i. Asset safekeeping: opening funds account and securities account to ensure the completeness, independency and security of fund assets.
ii. Accounting and valuation: keeping complete and compliant accounting records of fund assets, formulating accounting statements on a regular basis and regularly cross-checking accounts with the manager to ensure the compliance and accuracy of accounting and financial records; regularly assessing the market value of fund assets and cross-checking the assessment results with the manager to ensure the fund shareholder’s timely and accurate knowledge of value fluctuations of its fund assets.
iii. Clearing service: completing capital clearing and delivery & collection of securities in investments with fund assets, according to the manager’s transfer instruction.
iv. Trading supervision: supervising the operation of investments with fund assets according to terms of fund contract and custody agreement.
v. Other value-added services: providing all sorts of valued-added services as requested by fund shareholders and fund managers.

IV. Advantages
Relying on its advanced technology system, quick clearing network, extensive outlet resources, quality personal and corporate customers and prominent advantages in the local market, ICBC has been working hard to improve its fund custody services, and has forged power advantages in customer services, service team and product innovation.
Excellent customer services
Upholding the customer-first belief, ICBC provides full ranges of fund custody services. A relatively sophisticated customer service system has taken shape after years’ efforts. Customer need is the driving force of ICBC’s development, and growth with customers is our long-cherished wish.
In the past 16 years, ICBC has been expanding cooperation in depth and width with fund managers through widening and improving its services. As at the end of 2015, there had been over 60 fund managers in business cooperation with ICBC, which have established steady strategic partnership with major fund managers.
ii. Professional management team
As the earliest commercial bank to start fund custody in China, ICBC has forged a highly professional, experienced, aggressive and energetic team of fund custody services, which is committed to rendering high-quality and reliable custody services for customers.
iii. Innovation leader in the industry
Since it started to offer custody services, ICBC has taken lead in providing custody services for a number of innovative fund products, fully meeting customer needs for different products with varying risks and returns. The excellent team and strong supports from customers are the foundation and guarantee of our innovation.
In March 1998, it provided custody services for the first close-ended securities investment funds in China-Kaiyuan Fund and Jintai Fund.
In September 2001, it provided custody services for the first open-ended securities investment funds in China-China Southern Stable Growth Fund.
In November 2002, it provided custody services for the first open-ended index fund in China-HuaAn-SSE 180 Enhanced Index Fund.
In June 2003, it provided custody services for the first principal-guaranteed fund in China-China Southern Principal Guaranteed & Value-added Fund.
In December 2003, it provided custody services for the first money market fund in China-HuaAn Fuli Cash Fund.
In October 2004, it provided custody services for the first listed open-ended fund (LOF) in China-China Southern Active Allocation Fund.
In December 2004, it provided custody services for the first exchange traded fund (ETF) in China-SSE 50 ETF.
In July 2006, it provided custody services for the first replicate fund in China-China Southern Active Allocation Fund II.
In July 2007, it provided custody services for the first innovative close-ended fund in China-UBS SDIC Classified Equity Fund.
In August 2010, it provided custody services for the first investable stock index fund in China-China Securities Index-China Southern Well-off Industry Index ETF Linked Fund.
In May 2011, it provided custody services for the first bond index fund in China-China Southern-China Securities Index 50 Bond Index Fund.
In June 2012, it provided custody services for the first cross-market ETF in China-Huatai-PineBridge CSI 300 ETF.
In August 2012, it provided custody services for the first seed fund in China-Tian Hong Bond Seed Fund.
In July 2013, it provided custody services for the first gold ETF in China-Guotai Gold ETF.
In September 2014, it provided custody services for the first SOE mixed ownership reform fund in China-Harvest Yuanhe Closed-end Initiating Fund.

V. Contact Information
For applying for relevant services, please contact Securities Investment Fund Division, Asset Custody Department of ICBC:
Contact persons: Ai Xinguo, Deng Lei, Zhang Qian, Su Lijia, Bai Mingting and Gu Hongfeng
Tel: (8610)66105795/5751/5750/5748/5749/4974
Fax: (8610)66105747
E-MAIL: suljzctg@icbc.com.cn


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