Hong Kong Exchanges and Clearing Limited (HKEX) announced on 13 December 2024 the launch of a Fund Repository on its Integrated Fund Platform (IFP). The launch marks a significant milestone in enhancing the transparency of fund information for Securities and Futures Commission (SFC) authorised funds in Hong Kong.
The fund repository will offer streamlined access to essential information on over 2,000 SFC-authorised funds. Investors will be able to get a snapshot overview of a fund, the fund’s AUM, and documents like its financial statement or key facts statement.
This initiative aims to foster long-term growth by improving information transparency and empowering investors with greater knowledge and understanding of the fund universe.
Glenda So, HKEX Co-Head of Markets, expressed enthusiasm about launching the Fund Repository, emphasising its role as a core component of HKEX’s Integrated Fund Platform.
She highlighted how the repository will simplify access to fund information, enabling investors to make better-informed decisions and supporting market participants in serving their clients more effectively.
She reiterated HKEX’s dedication to building an efficient, diverse, and dynamic fund distribution ecosystem, further strengthening Hong Kong’s position as a leading global wealth management hub.
Development work is ongoing for additional functionalities of the IFP, including a business platform and a communications network to facilitate order routing and nominee services.
With support from the HKSAR Government and the SFC, the IFP seeks to enhance the fund distribution ecosystem. HKEX has been working closely with regulators and industry participants and will continue to gather input and feedback from stakeholders to guide the platform’s development.
According to the HKEX’s website, further updates on the IFP will be shared in due course.
Featured image credit: Edited from Freepik