Hong Kong, September 15 2026 – Allfunds, a leading global wealth management platform, today announces a strategic collaboration with HSBC to deliver enhanced same-day (T+0) settlement capabilities for Hong Kong money market funds.

Together, Allfunds and HSBC have created an end-to-end straight-through processing (STP) experience that reduces settlement friction, accelerates payment processing, improving daily liquidity availability for both wealth managers and asset managers. Allfunds, which administers €1.9 trillion in assets for clients worldwide, is bringing that scale to Hong Kong, reflecting a shared commitment to driving innovation and further elevating operational standards across Hong Kong's wealth management ecosystem.

Higher interest rates, rising demand for efficient cash management and increased participation from Mainland Chinese investors through channels such as Wealth Management Connect have driven record inflows into Hong Kong-domiciled funds. Aggregate assets in Hong Kong-domiciled SFC-authorised money market funds grew by 50% in 2025 to reach US$76 billion. The initiative responds to this rapidly growing liquidity management market.

Allfunds has enhanced its regional technology and servicing infrastructure in Hong Kong, automating fund dealing workflows and improving STP rates to support same-day subscription and redemption settlement. The centrepiece is local USD settlement for Hong Kong-domiciled funds built on HSBCs local payments and Real-Time Gross Settlement (RTGS) infrastructure.

The solution successfully went live in August 2026 and is now fully operational across the Allfunds platform.

David Pérez de Albéniz, Head of Asia at Allfunds, said:

"In money market funds, liquidity is everything. While much of the market is still working towards T+1, Allfunds has worked with HSBC to bring settlement in Hong Kong down to the same day, T+0, so clients can act the moment they decide. That is what a global platform should deliver in one of the world’s most active financial centres – the scale and technology to move at local speed, built around how investors here actually work."

Yvonne Yiu, Head of Global Payments Solutions, Greater China at HSBC, added:

“Being mandated by Allfunds to deliver same-day USD settlement in Hong Kong is a strong endorsement of HSBC’s local payment and settlement infrastructure. This end-to-end straight-through processing solution supports Allfunds as it continues to improve efficiency, reduce friction, and enhance client experience. We will continue to invest in capabilities that will shape the future of finance and look forward to deepening our collaboration with Allfunds.”