Standard Chartered provides custody services for the first time to a wealth management company's public offering product in China.

On August 21, Standard Chartered Bank Limited announced that it will exclusively sell a wealth management product managed and issued by Harvest Wealth Management Limited, and provide custody services for the product. This is the first time Standard Chartered China has provided custody services for a publicly offered product managed by a wealth management company, making it the first foreign bank in China to provide custody services for a wealth management company.