Hong Kong Stock Exchange’s comprehensive fund platform launches platform and agent services to consolidate its position as a global wealth management center

China News Service, Hong Kong, October 28 (Reporter Dai Xiaolu) Hong Kong Exchanges and Clearing Limited ("HKEx") announced on the 28th that its integrated fund platform has launched platform and agent services, marking new progress in Hong Kong's efforts to establish a more efficient, interconnected and scalable fund distribution ecosystem.

The Hong Kong Stock Exchange Comprehensive Fund Platform is a fund market infrastructure constructed in phases. The platform will launch a fund database in December 2024 and an order delivery service in July 2025. This new addition of general distribution, agent and administrative services extends the platform's capabilities to the entire fund distribution process, connecting fund managers, transfer agents, distributors and other market participants through unified workflow and information exchange.

At the launch ceremony, Chen Yiting, CEO of HKEx Group, said in his speech that global investors continue to adjust their long-term capital allocation strategies, and all types of capital are increasingly inclined to deploy in Asia and tap regional growth opportunities. The platform services launched this time will enhance the efficiency, interconnectivity and scalability of Hong Kong fund distribution. The platform opens up links between various market participants, helps the industry quickly adapt to the diversified needs of investors, and lays a solid foundation for the long-term development of the Hong Kong fund industry.

Hui Ching-yu, Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, stated in his speech that the SAR government will continue to collaborate with the Hong Kong Stock Exchange, the Hong Kong Securities and Futures Commission ("SFC") and industry organizations to ensure that platform services bring practical benefits to fund managers, distributors and end investors. He encouraged more market entities to join the platform and rely on new services to help Hong Kong's asset management scale grow steadily.

The Securities and Futures Commission of Hong Kong welcomes the launch of the new service. Wu Jiali, executive director of the Investment Products Department of the Hong Kong Securities and Futures Commission, pointed out that with the launch of the platform and agent services, the core services of the comprehensive fund platform have been fully put into operation, reaching an important construction node. In the long term, the platform is expected to expand fund distribution channels and enable wider investor participation in the Hong Kong fund market. This will help attract more diversified and sustained local and cross-border capital, and solidify Hong Kong’s position as a leading global wealth management centre.