T. Rowe Price (TRP) today announced its first distribution partnership with The Bank of East Asia, Limited (BEA), further expanding its distribution presence in Hong Kong.

Under the partnership, BEA’s retail and private banking clients will have access to the T. Rowe Price Funds SICAV – China Evolution Equity fund, available on BEA’s platform effective today.

Managed by Hong Kong-based portfolio manager Wenli Zheng, the fund draws on TRP’s global research platform and regional investment expertise to identify opportunities beyond China’s widely owned index heavyweights, according to TRP, which has assets under management of $1.87trn, as of 31 July 2026.

Its active stock selection approach aims to discover emerging leaders and future compounders positioned to benefit from the next phase of China’s growth and innovation, it said.

The fund invests in Chinese companies listed across mainland China, Hong Kong and other overseas markets. Within this universe, Zheng currently sees opportunities across three key areas: beneficiaries of the evolving AI investment cycle; platform-oriented consumer businesses benefiting from changing spending patterns; and selected traditional industries entering a more profitable phase amid constrained capacity growth and steady demand.

This focus on under researched companies has been reflected in the fund’s recent performance. The fund delivered returns 19.66% year to date, 41.74% over one year and an annualized return of 14.81% over three years, outperforming its benchmark across all three periods, according to TRP and MSCI data.

Raymond Chan, head of intermediary distribution for Greater China at T. Rowe Price,said: “We are pleased to establish this new distribution partnership with Bank of East Asia and make our Chinese equities expertise available to more investors in Hong Kong. The partnership marks another step in our continued commitment to providing differentiated active investment solutions to clients across the region.”

“The Chinese equities market is becoming increasingly bifurcated, creating opportunities across a broader range of companies and industries. As the AI investment cycle evolves and structural changes reshape areas of the economy, rigorous bottom-up research will remain critical to identifying businesses with improving fundamentals and long-term growth potential,” Chan (pictured) added.

TRP has been growing its business in Hong Kong since 1987. Over the years, the firm has expanded its product suite and deepened its distribution partnerships with leading local and regional financial institutions. As of August 19, 2026, the firm had a total of 31 funds that had obtained authorisation from the Securities and Futures Commission.