HONG KONG, Sept. 20, 2022 /PRNewswire/ — Dangle Seng Funding Control Restricted (‘HSVM’), which is a wholly-owned subsidiary of Dangle Seng Financial institution (‘Dangle Seng’), these days (19 September 2022) formally took up its new function as supervisor of the Tracker Fund of Hong Kong (‘TraHK’). In party of this main milestone and to supply buyers with higher comfort and selection, an RMB counter has been introduced for TraHK, giving buyers the approach to behavior transactions in RMB in addition to HKD beneath a Twin Counter type.
Joined by means of Mr Christopher Hui, Secretary for Monetary Products and services and the Treasury; Mr George Hongchoy, Chairman of the Supervisory Committee of Tracker Fund; and different honourable visitors, Ms Irene Lee, Chairman of the Dangle Seng Board of Administrators; Ms Diana Cesar, Government Director and Leader Government of Dangle Seng; and Ms Rosita Lee, Director and Leader Government Officer of HSVM, officiated at these days’s inauguration rite to rejoice this main milestone.
Addressing the inauguration rite attendees, Ms Diana Cesar, Government Director and Leader Government of Dangle Seng, mentioned: “Being entrusted to control the Tracker Fund of Hong Kong is a brilliant honour. The Fund holds a deep which means in our town. It embodies the entrepreneurial spirit of Hong Kong at the side of a focal point on managing earnings with a view to supply a protected long run. The Tracker Fund and Dangle Seng Financial institution have so much in not unusual. We each have deep native roots in Hong Kong and a focal point on enabling monetary steadiness at each particular person and neighborhood ranges. Our values are very aligned.
“The timing additionally may no longer be higher. Not at the horizon, the potential for the mainland marketplace is beginning to grow to be actual in the course of the ETF Attach Scheme. I am more than happy with the intention to say that Dangle Seng is now managing two of the primary 4 funding budget to be had in the course of the southbound hyperlink. We’re positive that over the years there will likely be important enlargement.”
Additionally talking on the tournament, Mr George Hongchoy, Chairman of the Supervisory Committee of Tracker Fund, mentioned: “The Tracker Fund of Hong Kong occupies a different position within the middle of Hong Kong folks. It no longer handiest marks the start of the exchange-traded fund business in Hong Kong and our neighbouring markets in Asia, but in addition vividly presentations how luck may also be constructed on disaster. On its cast basis laid during the last 20 years, we’re assured that the Tracker Fund of Hong Kong, beneath the control of Dangle Seng Funding, will create extra price to its unitholders, doable buyers and the marketplace within the future years.”
Rosita Lee, Head of Funding Merchandise and Advisory Industry at Dangle Seng, Director and Leader Government 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 Dangle Seng Funding Control, which is a home-grown asset supervisor with about 30 years of revel in. We’re firmly dedicated to making rising price for buyers and to serving to to additional fortify Hong Kong’s place as a world offshore RMB trade hub and global finance centre.”
HSVM is the number-one ETF supervisor in Hong Kong in the case of property beneath control. Two of the primary 4 budget to be made to be had for southbound buying and selling beneath ETF Attach are actually controlled by means of HSVM — Dangle Seng China Enterprises Index ETF (Inventory Code: 2828) and TraHK (Inventory Code: 2800). Each budget have a Twin Counter association for the benefit of shoppers, which displays HSVM’s sturdy fund control features. HSVM will proceed to spot and act on excellent alternatives to additional enlarge and diversify asset allocation choices for buyers to facilitate liquidity and the sustainable building of the ETF marketplace in Hong Kong and mainland China.
Additional knowledge may also be discovered at the new TraHK’s web site (www.trahk.com.hk).
* For essential chance disclosure for TraHK, please discuss 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 report (together with the whole textual content of the danger elements and costs mentioned therein).
About Dangle Seng Financial institution
Based in 1933, Dangle Seng Financial institution has frequently innovated to supply best-in-class, customer-centric banking, funding and wealth control products and services for people and companies. It’s extensively recognised because the main home financial institution in Hong Kong, these days serving greater than 3.5 million consumers.
Combining its award-winning cellular app and powerful virtual features with an infinite community of round 270 carrier shops in Hong Kong, Dangle Seng provides a continuing omni-channel revel in for patrons to care for their banking and fiscal wishes anytime, anyplace.
Its wholly owned subsidiary, Dangle Seng Financial institution (China) Restricted, operates a strategic community of shops in nearly 20 main towns in Mainland China to serve a rising base of Mainland consumers in the community and the ones with cross-boundary banking wishes. The Financial institution additionally operates branches in Macau and Singapore, and a consultant workplace in Taipei.
As a homegrown monetary establishment, Dangle Seng is intently tied to the Hong Kong neighborhood. It helps the neighborhood with a devoted programme of social and environmental projects eager about long run abilities for the more youthful technology, sustainable finance and fiscal literacy, addressing local weather exchange and taking good care of the neighborhood.
Dangle Seng is a major member of the HSBC Staff, one of the vital global’s greatest banking and fiscal products and services organisations. Additional info on Dangle Seng Financial institution is to be had at www.hangseng.com.
SOURCE Dangle Seng Financial institution