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].
香港交易所,最新发布!