China PA Securities HK partners with Allfunds to enhance its wealth management services in Hong Kong
Dec 13, 2023
Hong Kong, 13 December 2023 – Allfunds (AMS:ALLFG), the leading B2B WealthTech platform for the fund management industry, announces a new partnership with China PA Securities (Hong Kong) Company Limited (“China PA Securities HK”), a wholly-owned subsidiary of Ping An Securities Co., Ltd., to support its fund product services and wealth management business in Hong Kong.
Allfunds will support China PA Securities HK in expanding its overseas fund services given its extensive experience in serving securities companies based in Hong Kong and the comprehensive fund coverage it offers locally, which includes global and Hong Kong domiciled funds, money market funds, private market funds, and more. Amid growing demand for digitalised fund management and distribution, Allfunds will enhance the efficiency of China PA Securities HK’s dealing and settlement services through increased digitalisation.
This collaboration will accelerate the onboarding process for new fund houses and funds for China PA Securities HK. Allfunds will also provide a suite of value-added services to further digitalise China PA Securities HK’s wealth management offering. The robust connectivity and accessibility of Allfunds’ platform will empower China PA Securities HK’s business with the most advanced digital infrastructure, sophisticated technology, and dynamic innovation.
Sebastien Chaker, Head of Hong Kong, Allfunds, commented: “We are thrilled to welcome China PA Securities HK to the Allfunds network, and are honoured to be their partner of choice to enhance their wealth management services. This is testament to Allfunds’ dedication to providing a global experience with localised solutions to clients in Asia with a ‘Digital First’ strategy. We look forward to a meaningful partnership with China PA Securities HK to cater to investors’ growing appetite for wealth management services.”
Sydney Zhang, General Manager, China PA Securities HK, commented: “China PA Securities HK has always had close, long-term partnerships with leading global asset managers and has committed to bringing advanced global investment concepts and outstanding investment strategies to investors. Allfunds’ experience in helping Hong Kong financial institutions navigate global market makes them the ideal partner for us. We look forward the digital fund distribution will help us serve our clients better in a fast-changing digital ecosystem.”