The asset management joint venture of Hang Seng Bank intends to apply for quota under the qualified domestic institutional investor (QDII) programme, according to Rosita Lee, director of Hang Seng Investment Management and Hang Seng Qianhai Fund Management Company (HSQH).
Hong Kong’s Hang Seng Bank reported a 33% increase in income generated by its wealth management business, driven by strong demand for investment products.
Hang Seng Bank’s Shenzhen-based mutual fund joint venture has launched an equity-focused fund, said Rosita Lee, the lender’s head of investment products and advisory business.
Part of the Mark Allen Group.
