December 1, 2022

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Hold Seng Funding Marks Primary Milestone with Inauguration Rite to Have a good time New Position as Supervisor of Tracker Fund of Hong Kong

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HONG KONG, Sept. 20, 2022 /PRNewswire/ — Hold Seng Funding Control Restricted (‘HSVM’), which is a wholly-owned subsidiary of Hold Seng Financial institution (‘Hold Seng’), nowadays (19 September 2022) formally took up its new function as supervisor of the Tracker Fund of Hong Kong (‘TraHK’). In birthday celebration of this predominant milestone and to offer traders with better comfort and selection, an RMB counter has been introduced for TraHK, giving traders the solution to behavior transactions in RMB in addition to HKD below a Twin Counter fashion.

Joined via Mr Christopher Hui, Secretary for Monetary Services and products and the Treasury; Mr George Hongchoy, Chairman of the Supervisory Committee of Tracker Fund; and different honourable visitors, Ms Irene Lee, Chairman of the Hold Seng Board of Administrators; Ms Diana Cesar, Govt Director and Leader Govt of Hold Seng; and Ms Rosita Lee, Director and Leader Govt Officer of HSVM, officiated at nowadays’s inauguration rite to have fun this predominant milestone.

Addressing the inauguration rite attendees, Ms Diana Cesar, Govt Director and Leader Govt of Hold Seng, mentioned: “Being entrusted to control the Tracker Fund of Hong Kong is a smart honour. The Fund holds a deep that means in our town. It embodies the entrepreneurial spirit of Hong Kong in conjunction with a focal point on managing income in an effort to supply a safe long term. The Tracker Fund and Hold Seng Financial institution have so much in commonplace. We each have deep native roots in Hong Kong and a focal point on enabling monetary steadiness at each particular person and group ranges. Our values are very aligned.

“The timing additionally may now not be higher. Not at the horizon, the potential for the mainland marketplace is beginning to develop into actual in the course of the ETF Attach Scheme. I am more than happy so that you could say that Hold Seng is now managing two of the primary 4 funding budget to be had in the course of the southbound hyperlink. We’re sure that over the years there will likely be vital enlargement.”

Additionally talking on the match, Mr George Hongchoy, Chairman of the Supervisory Committee of Tracker Fund, mentioned: “The Tracker Fund of Hong Kong occupies a different position within the center of Hong Kong other folks. It now not most effective marks the start of the exchange-traded fund business in Hong Kong and our neighbouring markets in Asia, but additionally vividly presentations how luck can also be constructed on disaster. On its forged basis laid during the last 20 years, we’re assured that the Tracker Fund of Hong Kong, below the control of Hold Seng Funding, will create extra price to its unitholders, attainable traders and the marketplace within the future years.”

Rosita Lee, Head of Funding Merchandise and Advisory Trade at Hold Seng, Director and Leader Govt Officer of HSVM, mentioned: “We’re honoured to had been given the duty of managing TraHK. This marks a brand new milestone within the building of Hold Seng Funding Control, which is a home-grown asset supervisor with about 30 years of enjoy. We’re firmly dedicated to making rising price for traders and to serving to to additional give a boost to Hong Kong’s place as an international offshore RMB industry hub and world finance centre.”

HSVM is the number-one ETF supervisor in Hong Kong relating to property below control. Two of the primary 4 budget to be made to be had for southbound buying and selling below ETF Attach at the moment are controlled via HSVM — Hold Seng China Enterprises Index ETF (Inventory Code: 2828) and TraHK (Inventory Code: 2800). Each budget have a Twin Counter association for the benefit of consumers, which displays HSVM’s robust fund control functions.  HSVM will proceed to spot and act on just right alternatives to additional enlarge and diversify asset allocation choices for traders to facilitate liquidity and the sustainable building of the ETF marketplace in Hong Kong and mainland China.

Additional data can also be discovered at the new TraHK’s web page (www.trahk.com.hk).

Remarks:

* For essential possibility disclosure for TraHK, please talk over with www.trahk.com.hk.
** Funding comes to dangers (together with the danger of lack of capital invested), no person must base their funding determination in keeping with this content material and must learn the related funding product’s providing record (together with the total textual content of the danger components and costs mentioned therein).

Christopher Hui, Secretary for Monetary Services and products and the Treasury (2d from proper); George Hongchoy, Chairman of the Supervisory Committee of TraHK (first from proper); Diana Cesar, Govt Director and Leader Govt of Hold Seng (2d from left); and Rosita Lee, Director and Leader Govt Officer of HSVM (first from proper), officiated on the Tracker Fund of Hong Kong New Supervisor Inauguration Rite.

Irene Lee, Chairman of the Hang Seng Board of Directors (front row, second from left); Diana Cesar, Executive Director and Chief Executive of Hang Seng (back row, sixth from left) and other honorable guests led a toast to celebrate Hang Seng Investment’s new role as the manager of the Tracker Fund of Hong Kong and the introduction of an RMB counter for the Fund.

Irene Lee, Chairman of the Hold Seng Board of Administrators (entrance row, 2d from left); Diana Cesar, Govt Director and Leader Govt of Hold Seng (again row, 6th from left) and different honorable visitors led a toast to have fun Hold Seng Funding’s new function as the chief of the Tracker Fund of Hong Kong and the advent of an RMB counter for the Fund.

Diana Cesar, Executive Director and Chief Executive of Hang Seng (right), and George Hongchoy, Chairman of the Supervisory Committee of TraHK (left), toured the infinity art piece.

Diana Cesar, Govt Director and Leader Govt of Hold Seng (proper), and George Hongchoy, Chairman of the Supervisory Committee of TraHK (left), toured the infinity artwork piece.

Christopher Hui, Secretary for Financial Services and the Treasury (fourth from left);
Howard Lee, Deputy Chief Executive, Hong Kong Monetary Authority (third from right); George Hongchoy, Chairman of the Supervisory Committee of TraHK (fourth from right); Salina Yan, Permanent Secretary for Financial Services and the Treasury (Financial Services) (first from left); Joseph Yam, Executive Vice President, China Society for Finance and Banking (third from left); Irene Lee, Chairman of the Hang Seng Board of Directors (fifth from left); Cordelia Chung, Hang Seng Board Member (second from left); Diana Cesar, Executive Director and Chief Executive of Hang Seng (second from right) and Rosita Lee, Director and Chief Executive Officer of HSVM (first from right) experienced the fun of innovative technology.

Christopher Hui, Secretary for Monetary Services and products and the Treasury (fourth from left); Howard Lee, Deputy Leader Govt, Hong Kong Financial Authority (3rd from proper); George Hongchoy, Chairman of the Supervisory Committee of TraHK (fourth from proper); Salina Yan, Everlasting Secretary for Monetary Services and products and the Treasury (Monetary Services and products) (first from left); Joseph Yam, Govt Vice President, China Society for Finance and Banking (3rd from left); Irene Lee, Chairman of the Hold Seng Board of Administrators (5th from left); Cordelia Chung, Hold Seng Board Member (2d from left); Diana Cesar, Govt Director and Leader Govt of Hold Seng (2d from proper) and Rosita Lee, Director and Leader Govt Officer of HSVM (first from proper) skilled the thrill of leading edge generation.

Christopher Hui, Secretary for Financial Services and the Treasury (second from right); Joseph Chan, Under Secretary for Financial Services and the Treasury (first from right); Salina Yan, Permanent Secretary for Financial Services and the Treasury (Financial Services) (first from left); and Rosita Lee, Director and Chief Executive Officer of HSVM (second from left) celebrated the introduction of RMB Counter together.

Christopher Hui, Secretary for Monetary Services and products and the Treasury (2d from proper); Joseph Chan, Beneath Secretary for Monetary Services and products and the Treasury (first from proper); Salina Yan, Everlasting Secretary for Monetary Services and products and the Treasury (Monetary Services and products) (first from left); and Rosita Lee, Director and Leader Govt Officer of HSVM (2d from left) celebrated the advent of RMB Counter in combination.

(From left) Wilfred Sit, Director and Chief Investment Officer of HSVM; Chan Ka Lok, Member of the Supervisory Committee of TraHK and Raymond Lui, Head of Product Development and Business Planning of HSVM raised their hands into gesture of “1 + 1 leads to infinity”.

(From left) Wilfred Take a seat, Director and Leader Funding Officer of HSVM; Chan Ka Lok, Member of the Supervisory Committee of TraHK and Raymond Lui, Head of Product Building and Trade Making plans of HSVM raised their fingers into gesture of “1 + 1 ends up in infinity”.

About Hold Seng Financial institution

Based in 1933, Hold Seng Financial institution has regularly innovated to offer best-in-class, customer-centric banking, funding and wealth control services and products for people and companies. It’s broadly recognised because the main home financial institution in Hong Kong, recently serving greater than 3.5 million consumers.

Combining its award-winning cellular app and robust virtual functions with an unlimited community of round 270 provider retailers in Hong Kong, Hold Seng provides a continuing omni-channel enjoy for purchasers to care for their banking and monetary wishes anytime, any place.

Its wholly owned subsidiary, Hold Seng Financial institution (China) Restricted, operates a strategic community of retailers in nearly 20 predominant towns in Mainland China to serve a rising base of Mainland consumers in the neighborhood and the ones with cross-boundary banking wishes. The Financial institution additionally operates branches in Macau and Singapore, and a consultant place of work in Taipei.

As a homegrown monetary establishment, Hold Seng is carefully tied to the Hong Kong group. It helps the group with a devoted programme of social and environmental tasks enthusiastic about long term talents for the more youthful technology, sustainable finance and monetary literacy, addressing local weather alternate and taking care of the group.

Hold Seng is a main member of the HSBC Crew, one of the vital global’s biggest banking and monetary services and products organisations. Additional information on Hold Seng Financial institution is to be had at www.hangseng.com.

 

 

 

SOURCE Hold Seng Financial institution

https://finance.yahoo.com/information/hang-seng-investment-marks-major-181300303.html

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