Hong Kong Exchange to Develop Integrated Fund Platform for Distribution of Retail Funds, Investors to Have Access to More Products & Allow Funds to be Distributed to Clients More Efficiently
2nd November 2023 | Hong Kong
Hong Kong Exchange (HKEX) has announced to develop an integrated fund platform for distribution of retail funds, providing investors access to more products and allowing funds to be distributed to clients more efficiently. HKEX: “Initially, the fund platform will be a business-to-business service model, and will consist of three main components: a Communication Hub – a centralised network that connects different parties in the fund distribution ecosystem, such as fund managers and distributors, to facilitate transactions; a Business Platform – covering functionalities such as fund order routing, subscriptions and redemptions, payments and settlements, and various optional nominee services; and, an Information Portal – helping the investing public with access to more information and greater transparency on fund investment options. HKEX is currently evaluating the operating model and structure of the fund platform. Working closely with the Hong Kong Government, the Securities and Futures Commission and other stakeholders on its development, HKEX intends to finalise the platform design and development framework over the coming months.” More info below
“ Hong Kong Exchange to Develop Integrated Fund Platform for Distribution of Retail Funds, Investors to Have Access to More Products & Allow Funds to be Distributed to Clients More Efficiently “
HKEX Group Head of Emerging Business & FIC Glenda So: “At HKEX, we are committed to further building the attractiveness and competitiveness of Hong Kong as an IFC, bringing more diversity to the market and more choice for investors. Our commitment to connecting capital with opportunities underpins this development project, to build an integrated platform for retail funds in Hong Kong. We look forward to helping enhance and support retail fund distribution in Hong Kong, providing investors with cost-effective access to a broader choice of fund products, from a more diversified group of distributors.”
Hong Kong SFC Executive Director of Investment Products, Christina Choi: “The new integrated fund platform, which is expected to generate new business opportunities for the industry and to increase participation and diversification in Hong Kong’s retail fund market, will reinforce Hong Kong’s position as a leading international asset and wealth management centre.”
Hong Kong Exchange to Develop Integrated Fund Platform for Distribution of Retail Funds, Investors to Have Access to More Products & Allow Funds to be Distributed to Clients More Efficiently
2nd November 2023 – Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Thursday) that it is developing an integrated fund platform for the distribution of retail funds, supporting Hong Kong’s continued role as a regional and global wealth management centre. The platform, currently in development, will cover the full distribution cycle and value chain for retail funds in Hong Kong, helping to lower the barriers of entry to the industry and allowing market participants to better distribute fund products to their clients. This in turn will give investors access to a broader range of products, offering great choice and enhancing overall market efficiencies. The platform will cover funds authorised by the Securities and Futures Commission.
Initially, the fund platform will be a business-to-business service model, and will consist of three main components: a Communication Hub – a centralised network that connects different parties in the fund distribution ecosystem, such as fund managers and distributors, to facilitate transactions; a Business Platform – covering functionalities such as fund order routing, subscriptions and redemptions, payments and settlements, and various optional nominee services; and, an Information Portal – helping the investing public with access to more information and greater transparency on fund investment options. HKEX is currently evaluating the operating model and structure of the fund platform. Working closely with the Hong Kong Government, the Securities and Futures Commission and other stakeholders on its development, HKEX intends to finalise the platform design and development framework over the coming months.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
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