BBH's asset servicing platform will help facilitate a same-day settlement cycle for all primary market creations and redemptions for the ETF .
Tag: Hong Kong
The partnership highlights a growing trend of Asian asset managers turning to securities lending as an additional source of income.
Interest in Greater China ETF grows but investors await international access schemes.
The ASIFMA paper suggested allowing investment managers and their lending agents, often global custodians, to carry out securities lending in the markets.
HKEX will develop new systems for the proposed paperless regime, which could be in place by early 2022.
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
ETF Connect, expected to launch last year, had struggled to overcome a number of technical issues concerning differences in trading and settlement mechanisms.
Cindy Chen will oversee the post-trade business development team, as well as the blockchain project HKEX is working on with Digital Asset.
Clearstream has become the first international fund services provider that can directly route orders from eligible Hong Kong institutional investors into Mainland China funds.
Funds in Hong Kong will now find it easier to market to UK investors if they can demonstrate broad equivalence.