The move is designed to boost the firm’s wealth management services in Hong Kong.

Allfunds, a B2B WealthTech platform for the fund management industry, has just announced a new partnership with China PA Securities (Hong Kong) Company, a wholly-owned subsidiary of Ping An Securities, to support its fund product services and wealth management business in Hong Kong.  

Allfunds will support China PA Securities HK to expand its overseas fund services, drawing on its experience of serving securities companies based in Hong Kong and the fund coverage it offers locally, which includes global and Hong Kong domiciled funds, money market funds, private market funds.

Amid growing demand for digitalised fund management and distribution, Allfunds said it will enhance the efficiency of China PA Securities HK’s dealing and settlement services through increased digitalisation.

This collaboration aims to accelerate onboarding for new fund houses and funds for China PA Securities HK. Allfunds said it will also provide a suite of value-added services to increase the digitalisation of China PA Securities HK’s wealth management offering.  

“We are thrilled to welcome China PA Securities HK to the Allfunds network, and are honoured to be their partner of choice to enhance their wealth management services,” Sebastien Chaker, head of Hong Kong at Allfunds, said. “This is testament to Allfunds’ dedication to providing a global experience with localised solutions to clients in Asia with a ‘Digital First’ strategy.” 

“Allfunds’ experience in helping Hong Kong financial institutions navigate global market makes them the ideal partner for us. We look forward to the digital fund distribution [that] will help us serve our clients better in a fast-changing digital ecosystem,” Sydney Zhang (pictured), general manager at China PA Securities HK, added. 

Allfunds has 17 offices covering major financial markets, with assets under administration of €1.3 trillion ($1.4 trillion).