New financial infrastructure for retail fund distribution unveiled in Hong Kong

Mark Battersby
clock • 2 min read

The HKSAR Government announced on 2 November  a series of major initiatives to foster co-development of fintech and the real economy in Hong Kong in the Hong Kong FinTech Week 2023 including launching a new integrated fund platform in Hong Kong. HKEX outlined the main components of the fund platform, including a Communication Hub that connects different parties in the fund distribution ecosystem; 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 ...

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