Posted inBusiness moves

China PA Securities HK partners with Allfunds 

The collaboration is intended to enhance the Ping An Securities’ subsidiary’s wealth management services in Hong Kong.

Allfunds, a B2B WealthTech platform for the fund management industry, has announced a new partnership with China PA Securities (Hong Kong), a wholly-owned subsidiary of Ping An Securities, 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 experience in serving securities companies based in Hong Kong and its fund coverage locally, according to a statement by Allfunds.

The fund includes global, and Hong Kong domiciled funds, money market funds, private market funds, and others. Allfunds also intends to improve the efficiency of China PA Securities HK’s dealing and settlement services through increased digitalisation.

The partnership “is testament to Allfunds’ dedication to providing a global experience with localised solutions to clients in Asia with a ‘Digital First’ strategy,” said Sebastien Chaker (main picture), head of Hong Kong, Allfunds, in a statement.

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.

“Allfunds’ experience in helping Hong Kong financial institutions navigate global market makes them the ideal partner for us,” said Sydney Zhang, General Manager, China PA Securities HK. “The digital fund distribution will help us serve our clients better in a fast-changing digital ecosystem.”

Part of the Mark Allen Group.