Under the partnership, Fubon AM plans to appoint BOCHK AM as its overseas investment advisor, in order to become the sole fund distributor in the Taiwan region for the investment products offered by BOCHK AM.
Commenting on the move, Richard Tsai, vice chairman of Fubon Financial Holding, said: "Fubon AM is very delighted to sign the MOU with BOCHK AM. We would work closely with BOCHK AM to provide Taiwanese investors with diversified investment products, to satisfy their rapidly growing demands for RMB wealth management service."
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Meanwhile, David Wong, deputy chief executive of Bank of China (Hong Kong) (BOCHK), said: "Fubon Financial Holding enjoys strong brand franchise for its innovation and commitment to promoting the development of RMB business. BOCHK, the sole Clearing Bank for offshore RMB business, has maintained the market leadership in RMB services by pioneering a number of premier financial products since 2004."
"Under this strategic partnership, both institutions will be able to combine their unique strengths to make a breakthrough in the financial market of the Taiwan region. We will deliver new investment solutions through Fubon’s extensive distribution networks, allowing Taiwanese investors to invest in the economic growth of the People’s Republic of China. I am confident that the strategic partnership will work solidly for mutual benefits, taking the regional development of RMB business into a new era," Wong added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
