Investors in the fund can conduct transactions in renminbi and Hong Kong dollars.

Hang Seng has also rolled out special offers on exchange-traded fund purchases and RMB exchange services, the bank said in a statement.

“This marks a new milestone in the development of Hang Seng Investment Management, which is a home-grown asset manager with about 30 years of experience. We are firmly committed to creating growing value for investors and to helping to further enhance Hong Kong’s position as a global offshore RMB business hub and international finance centre,” Rosita Lee, head of investment products and advisory business at Hang Seng, director and chief executive of HSVM, said.