A traffic light shines red near the HSBC bank logo, pictured at the bank buidling in Paris, June 15, 2015. REUTERS/Christian Hartmann ZURICH (Reuters) - HSBC (HSBA.L) will store Swiss Re’s SRENH.VX Chinese securities as part of a plan to enable foreign investors to use offshore yuan to buy stocks and bonds in mainland China, the British bank on Monday. The investment scheme, known as the Renminbi Qualified Foreign Institutional Investor (RQFII), was created in 2011 to let financial investors place some of their yuan holdings in China. The British bank said in a statement the agreement made it the first custodian bank in China to service a RQFII based in Switzerland. Reporting by Joshua Franklin
• set to establish Swiss Re ’s custodian bank in China as part of plan to allow foreign investors to use offshore yuan when buying stocks and bonds in China . This • HSBC the first custodian bank in China to service a RQFII in China .