(a) there is a special department or institution responsible for the custody business;
(two) there are enough full-time personnel familiar with the custody business;
(3) Having the conditions for keeping the entrusted property;
(4) Having a fixed place and software and hardware facilities to meet business needs;
(5) Having a perfect custody business system, including network system, application system, security protection system and data backup system, etc.
(6) Having the ability of property custody, accounting, asset evaluation, fund settlement, investment supervision and corresponding application systems;
(seven) to establish the corresponding custody business management system and sound risk control system, including custody business management guidelines, internal audit monitoring system, risk control system, job responsibilities and operating procedures, practitioners' code of conduct, etc.
Legal basis: Article 3 of the Law of People's Republic of China (PRC) Commercial Bank, a commercial bank may engage in some or all of the following businesses:
(1) Absorbing public deposits;
(2) Short-term, medium-term and long-term loans;
(3) Handling domestic and international settlement;
(4) Handling bill acceptance and discount;
(5) Issuing financial bonds.
(6) Acting as an agent to issue, honor and underwrite government bonds;
(7) buying and selling government bonds and financial bonds;
(eight) engaged in interbank lending;
(9) Acting as an agent for buying and selling foreign exchange;
(ten) engaged in bank card business;
(eleven) to provide letter of credit services and guarantees;
(12) Agency payment and insurance agency business;
(thirteen) to provide safe deposit box services;
(14) Other businesses approved by the State Council Banking Regulatory Authority.
The business scope shall be stipulated in the articles of association of the commercial bank and reported to the the State Council Banking Regulatory Authority for approval.
With the approval of the People's Bank of China, commercial banks can engage in foreign exchange settlement and sale business.