Latest news with #orderrouting
Yahoo
07-07-2025
- Business
- Yahoo
PAAMC HK to Join HKEX Integrated Fund Platform as Part of Initial Cohort
HONG KONG, July 7, 2025 /PRNewswire/ -- Ping An of China Asset Management (Hong Kong) Company Limited ("PAAMC HK" or the "Firm"), the offshore asset management platform of Ping An Group, is pleased to announce its participation in Hong Kong Exchanges and Clearing Limited's ("HKEX") Integrated Fund Platform (the "IFP") as part of the initial cohort of fund houses, supporting the launch of the platform's new Order Routing Service. Information of all Securities and Futures Commission of Hong Kong (the "SFC")-authorised funds managed by PAAMC HK are now available on the IFP's Fund Repository and Order Routing, giving clients straight-through access to the Firm's full suite of SFC-authorised funds. Leveraging its extensive offshore investment research and portfolio management capabilities, PAAMC HK offers a diversified range of investment solutions across equities, fixed income, ETFs, structured products and alternative assets. Developed with the support of the HKSAR Government and the SFC, the IFP is a business-to-business fund services platform, with the objective of strengthening the fund distribution value chain and its ecosystem. The introduction of the Order Routing Service will help transform the fund order placement process, which includes subscriptions and redemptions, into a seamless and integrated system, enhancing communications between distributors and transfer agents, addressing long-standing operational challenges.* Albert Wang, Head of Capital Markets and CIO at PAAMC HK, said: "As one of the first fund houses to participate in the IFP fund distribution lifecycle, we are proud to support this transformative platform, which marks a significant step forward in enhancing the efficiency, transparency, and connectivity of Hong Kong's fund distribution ecosystem. This collaboration also reflects our unwavering commitment to driving operational excellence and delivering superior client experiences. We look forward to working with HKEX and peer institutions to further expand the platform's capabilities and to unlock new opportunities for the industry." The next phase of development for the IFP includes the provision of nominee services, as well as the facilitation of payments and settlement, subject to regulatory approval.* PAAMC HK will continue to actively support these advancements, contributing to the improvement of operational efficiency and connectivity within Hong Kong's asset management ecosystem. *Source: HKEX announcement dated July 3, 2025. View original content: SOURCE Ping An of China Asset Management (Hong Kong) Company Limited Sign in to access your portfolio
South China Morning Post
03-07-2025
- Business
- South China Morning Post
HKEX launches order-routing service to enhance mutual fund distribution ecosystem
Hong Kong Exchanges and Clearing (HKEX) has launched an order-routing service on its fund platform as part of its move to diversify its business and support the government's ambition to strengthen the city as an international wealth management centre. Advertisement 'This centralised platform will connect participants of all sizes across the fund value chain, fostering greater collaboration and elevating operational efficiencies for the fund distribution industry,' CEO Bonnie Chan Yiting said at a ceremony to launch the service on Thursday. 'This offering underscores our commitment to further advance the development of Hong Kong's fund distribution ecosystem and to enhance its position as a leading hub for wealth and asset management in the region.' The order-routing service on the exchange's fund platform was designed to facilitate seamless interaction between fund distributors and transfer agents with mutual fund companies. The funds' subscription and redemption information will be available electronically via the platform. HKEX CEO Bonnie Chan Yiting said the launch of the order-routing service further advances the development of Hong Kong's fund distribution ecosystem. Photo: Edmond So A total of 33 firms, mainly mainland Chinese banks and fund houses, will use the order-routing services. This includes 17 fund distributors like Bank of China (Hong Kong), Bank of Communications (Hong Kong), Chief Securities, China Construction Bank (Asia) and Haitong International Securities. Advertisement Ten fund houses, including BOCHK Asset Management, Bosera Asset Management (International) and CCB International, as well as six transfer agents like Bank of Communications Trustee, BOCI-Prudential Trustee, and State Street Bank and Trust, will use the platform.
