National Council for Social Security Fund Awards Four Custodial Mandates
China’s National Council for Social Security Fund has awarded a number of mandates to custodial banks. The mandates are for the basic insurance pension fund. The four banks that won the mandate to be custodial banks for the basic insurance pension fund are: Bank of China, Industrial and Commercial Bank of China (ICBC), China Merchants Bank and Shanghai-based Bank of Communications Limited.
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