Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce the establishment of the Integrated Fund Platform (IFP) Task Force (Task Force), bringing together key industry stakeholders to support the development of a more efficient, diverse and vibrant fund distribution ecosystem in Hong Kong.
HKEX is developing the IFP with the support of the HKSAR Government and the Securities and Futures Commission (SFC) to strengthen the fund distribution value chain and its ecosystem. The creation of the Task Force will help shape the future of the IFP, gathering valuable insights and feedback from its members to help finalise the platform’s business design.
HKEX Co-Head of Markets, Glenda So, said: “At HKEX, we are committed to enhancing the attractiveness and competitiveness of Hong Kong as an IFC, bringing more diversity to the market and more choice to our global investors. With the support of industry leaders in the Task Force, we look forward to establishing a fund distribution network that provides broader product access and enhanced efficiency for the market, fostering a more diverse investment funds ecosystem in Hong Kong and strengthening the city’s role as a global wealth management hub.”
The IFP Task Force comprises representatives from industry associations and stakeholders including: AllianceBernstein Hong Kong Limited, Amundi Hong Kong Limited, Asia Securities Industry & Financial Markets Association, Blackrock Asset Management North Asia Ltd, Chinese Asset Management Association of Hong Kong, GF Holdings (Hong Kong) Corporation Limited, Hong Kong Investment Funds Association, Invesco Hong Kong Limited, JPMorgan Funds (Asia) Limited, and Taikang Asset Management (Hong Kong) Company Limited.
The platform will include a repository featuring SFC-authorised products, providing investors with enhanced access to information and transparency on fund investment options. It will also feature a centralised network connecting different parties in the fund distribution ecosystem, such as fund managers and distributors, to facilitate order routing, subscriptions and redemptions, as well as nominee services. More details will be announced in the fourth quarter of 2024.
Representatives from AllianceBernstein Hong Kong Limited, Amundi Hong Kong Limited, Asia Securities Industry & Financial Markets Association, Blackrock Asset Management North Asia Ltd, Chinese Asset Management Association of Hong Kong, GF Holdings (Hong Kong) Corporation Limited, Hong Kong Investment Funds Association, Invesco Hong Kong Limited, JPMorgan Funds (Asia) Limited, and Taikang Asset Management (Hong Kong) Company Limited convened the inaugural IFP Task Force meeting.
Source: HKEX
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
AllUnity, a joint venture between DWS, Flow Traders, and Galaxy will issue EURAU.
-
This expands how investors can access crypto investments and blockchain-native returns.
-
The regulator commented on questions that market participants have presented to staff.
-
Half of advisers are interested in a model portfolio with both traditional and alternative investments.
-
There are enormous opportunities in private credit markets.