Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched the Integrated Fund Platform (IFP) order transmission service, enhancing the efficiency of fund distribution and providing a broader range of investment options for investors [1][3]. Group 1: Platform Overview - The IFP includes 33 companies, with 17 fund distributors, including 12 Chinese brokers, and aims to streamline the fund distribution process [1][4]. - The platform is designed to cover the entire distribution cycle of retail funds in Hong Kong, lowering entry barriers for the fund industry and improving market efficiency [3][7]. - The new order transmission service integrates subscription and redemption processes, facilitating smoother operations between fund distributors and registered agents [3][9]. Group 2: Participating Institutions - The 12 Chinese brokers participating in the IFP include notable firms such as China Galaxy International and CITIC Securities, all of which have cross-border wealth management qualifications [2][8]. - Other distributors include major banks like Bank of China (Hong Kong) and China Construction Bank (Asia), indicating a diverse range of institutions involved [4][6]. - The platform also includes six registered agents, enhancing the operational framework of the fund distribution network [5]. Group 3: Impact on Wealth Management - The launch of the IFP is expected to significantly benefit wealth management businesses, particularly for brokers qualified for cross-border wealth management [10][11]. - As of May 2025, the cross-border wealth management program has seen participation from 157,900 investors, indicating a growing market for these services [10]. - Brokers have expressed optimism about the platform's potential to enhance service capabilities and expand the range of fund products available to clients [11]. Group 4: Future Developments - Future phases of the IFP will include agent services and improvements in payment and settlement processes, with ongoing collaboration between HKEX, regulators, and industry stakeholders [12].

Group 1 - The Hong Kong Stock Exchange (HKEX) announced key management appointments in its Fixed Income and Currency (FIC) business, with Fan Wenchao as Managing Director and Head of FIC Product Development, and Ni Jiyue as Managing Director and Head of OTC Clearing Platform Development [1][2] - Fan Wenchao will lead the FIC team to build a diverse and attractive ecosystem for fixed income and currency products, focusing on new product development and service enhancement to meet global investor needs [2] - Ni Jiyue will oversee the development of the OTC clearing platform and the optimization of the Swap Connect initiative [2] Group 2 - HKEX Group CEO Charles Li stated that these appointments come at a crucial time for the development of the FIC business, aiming to create a competitive fixed income market that effectively connects capital with opportunities [3]

港交所宣布固定收益及货币业务（FIC）的管理层任命，范文超将担任董事总经理及固定收益及货币产 品发展主管，倪骥烨将出任董事总经理及场外结算平台发展主管。 ...

据悉，香港基金综合平台目的在于连接基金公司、基金经理与零售投资者的生态圈，增强基金投资选择基金产 品的透明度、降低和优化香港基金销售链中的成本，提升香港基金市场分销的便利度与竞争力，而在互认基金 快速发展的背景下，香港版"天天基金"也迎来更大意义上的发展需求。 综合基金平台是香港特区政府在香港联动金融科技惠及实体经济的措施之一。在2023香港金融科技周上，香港 特区政府公布了一系列联动金融科技惠及实体经济的主要措施，当中包括在香港推出新的综合基金平台。基于 综合基金平台的基金资料库将为市场参与者提供便捷的渠道获取2000多只香港证监会认可基金的重要信息。 在综合基金平台订单传递服务正式推出之前，香港交易所去年底已发布基金数据资料库，涵盖获香港证券及期 货事务监察委员会认可的基金，旨在提高香港基金投资产品信息透明度。其功能与便捷性获得了业界的广泛认 可。香港交易所现进一步推出基金订单传递服务，通过将基金认购和赎回等订单处理流程整合，使操作更流 畅。这项新服务旨在加强基金分销商与注册代理人之间的讯息传递，帮助他们解决运营挑战，提高香港基金分 销网络的效率及加强协作。 香港基金市场拥抱互联网思维 在互联网、科技与金 ...

Core Viewpoint - Hong Kong Stock Exchange (HKEX) has launched an order transmission service on the Integrated Fund Platform (IFP) to enhance the efficiency of the fund distribution ecosystem in Hong Kong [2][4]. Group 1: Service Launch and Objectives - The order transmission service aims to improve interaction between fund distributors and registered agents, thereby enhancing operational efficiency within the fund distribution industry [4][6]. - The IFP will operate on a business-to-business basis and is being rolled out in phases, with a fund database already recognized for its functionality [5][6]. Group 2: Initial Participation and Future Developments - The first batch of 33 companies, including various fund distributors and asset management firms, has joined the platform [6][8]. - Future phases of the IFP will include the introduction of agent services and enhancements to payment and settlement functions, pending regulatory approval [9]. Group 3: Regulatory Support and Market Impact - The Hong Kong Securities and Futures Commission (SFC) has welcomed the launch of the order transmission service, viewing it as a significant milestone for the IFP and the retail fund industry [9]. - The SFC emphasized that the service will facilitate communication among market participants and enhance collaboration within the fund distribution network, contributing to the digitalization of Hong Kong's capital market infrastructure [9]. Group 4: Collaboration with Shenzhen Stock Exchange - The order transmission service's communication network is supported by the Financial Data Exchange Platform (FDEP) operated by Shenzhen Stock Exchange, which provides secure and efficient data exchange solutions for over 200 financial institutions [10]. - There are plans to explore interoperability between the IFP and the FDEP ecosystem to foster innovation in cross-border wealth management services [10].

Core Viewpoint - Hong Kong Stock Exchange (HKEX) has launched an order transmission service on the Integrated Fund Platform (IFP) to enhance the efficiency of the fund distribution ecosystem in Hong Kong [2][4]. Group 1: Service Launch and Features - The order transmission service aims to improve interaction between fund distributors and registered agents, thereby enhancing operational efficiency within the fund distribution industry [4][6]. - The IFP will operate on a business-to-business basis and is being rolled out in phases, with the first 33 companies already joining the platform [5][6]. - The service integrates subscription and redemption order processing, making operations smoother and improving communication between fund distributors and registered agents [6]. Group 2: Regulatory Support and Market Impact - The Hong Kong Securities and Futures Commission (SFC) welcomed the launch of the order transmission service, viewing it as a significant milestone for the IFP's development [8]. - The SFC emphasized that the service will facilitate communication among market participants in the retail fund industry and enhance collaboration within the fund distribution network [8]. - The SFC highlighted that the digitalization of market infrastructure is crucial for the operation and development of modern capital markets, with the average daily turnover of the Hong Kong stock market expected to reach HKD 240 billion by mid-2025, a 118% year-on-year increase [8]. Group 3: Collaboration with Other Exchanges - The Shenzhen Stock Exchange (SZSE) expressed its commitment to strengthening cooperation with HKEX and exploring data platform connectivity [9][11]. - The financial data exchange platform operated by SZSE supports over 200 financial institutions with secure and efficient data exchange solutions [10][11]. - SZSE aims to support the promotion of the IFP and explore cross-border wealth management innovations, such as ETF and fund mutual recognition [11].

Group 1 - The Hong Kong Comprehensive Fund Platform, led by Hong Kong Exchanges and Clearing Limited and constructed with the participation of Shenzhen Securities Communication Co., Ltd., has officially launched its order transmission service [1] - This platform serves as a financial infrastructure for the Hong Kong fund market, connecting various participants in the fund distribution ecosystem and providing important information and order transmission functions for funds recognized by the Hong Kong Securities and Futures Commission [1] - The launch of this service is expected to significantly enhance the operational efficiency of the fund market and strengthen Hong Kong's competitiveness as an international wealth and asset management hub [1]

智通财经7月3日电，香港交易所信息显示，摩根士丹利在哔哩哔哩-W的持股比例于6月26日从5.10%降 至4.41%。 ...

Group 1 - The Hong Kong Stock Exchange has officially launched the Integrated Fund Platform (IFP) order transmission service [1] - This initiative aims to more effectively connect key participants in the fund distribution ecosystem [1] - The launch is expected to enhance the efficiency of the Hong Kong fund market [1]

Group 1 - The Hong Kong Stock Exchange (HKEX) has launched a dedicated listing channel for technology and biotech companies, described as "hands-on service" by the CEO [1] - This channel provides specialized guidance for companies preparing for their IPOs, helping them understand and meet listing requirements more efficiently [1] - A significant breakthrough of this channel is the option for companies to submit their IPO applications confidentially, reducing risks associated with early disclosure of sensitive information [1] Group 2 - HKEX's recent reforms aim to solidify Hong Kong's position as the preferred listing platform for emerging and innovative companies [2] - Since 2018, the number of new economy companies has surged in the Hong Kong market, transforming it from a traditional focus on real estate, finance, and energy [2] - In 2024, Hong Kong's new stock fundraising is projected to reach HKD 88 billion, ranking fourth globally, with over 80% of this amount contributed by technology companies, particularly in biotech and AI [2]