The asset management unit will seek to upgrade its type 1 licence to offer a platform for Hong Kong investors to trade US-listed ETFs. It sees greater ETF usage as a future industry trend.
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Hong Kong’s largest IFA is seeking to expand its product offering to target clients with $1 million and is talking to offshore private banks on a B2B basis.
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Convoy Asset Management and Zeal Asset Management are seeking to raise HK$100 million for a fund made up of non-mainstream stocks to tap China’s economic growth.
