Hong Kong Exchangs and Clearing Limited (HKEX) said on Thursday that it launched a new orders guidance service on the IFP platform (IFP).
It is said that the service aims to simplify communications through the Hong Kong box distribution network and enhance the operational efficiency in the city’s fund management industry.
HKEX explained that the new service depends on the success of the current funds warehouse and enables smooth applications for subscriptions and recovery.
It is designed to improve communication between the distributors of boxes and transport agents by treating long -term operational bottlenecks and reducing inefficiency.
Requesting the request guidance service [is] “Designed to facilitate the smooth interaction between distributors and transport agents,” said Bonnie E. Chan, CEO of HKEX.
The communication network that supports the request for requests is operated by the financial data exchange platform network run by Shenzhen Securities Communication Co.
HKEX has also announced that 33 primary participants, including distributors, transport agents and money homes, have joined the IFP.
The future development plans of the platform include providing candidates’ services and supporting payments and settlements, pending organizational approval.
HKEX said it will continue to work closely with the organizers and stakeholders in the market to increase the expansion of the platform and strengthen the Hong Kong website as a regional asset management center.