CCB (Asia) launches fund services through Euroclear
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CCB (Asia) launches fund services through Euroclear 20 September 2024Hong Kong Reporter: Clelia Frondaroli
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China Construction Bank (Asia) has launched investment fund services for custody clients through Euroclear FundsPlace.
The platform aims to streamline fund transaction processing and servicing, and will allow the redemption of international funds via a single point of entry. The bank says this will better enable clients to access a broad network of mutual funds, money market funds and alternative funds.
The solution is also said to enhance CCB’s (Asia) presence in Hong Kong and will facilitate clients’ access to China markets through Stock Connect.
Global head of funds strategy and product expansion at Euroclear, Vincent Clause, comments: “Our collaboration with China Construction Bank (Asia) underscores our commitment to the region by providing leading edge technology to enhance efficiencies and streamline the complexities of the funds market, ultimately delivering simplicity and value for our clients.”
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