Sun Hung Kai Financial has entered into a long-term strategic cooperation agreement with China Everbright Bank in Beijing to enable the lender’s high net worth (HNW) customers to have access to SHKF’s broad and financial services platform.

The partnership ill allow the China Everbright HNW customers to access an array of overseas investment channels and asset allocation strategies from SHKF.

According to William Leung, chief executive officer of SHKF, the partnership will present HNW individuals in the mainland with a total wealth management solution, offering them access to SHKF’s financial products and service platform via China Everbright Bank’s professional investment consultants and extensive branch network. Such collaboration is also set to spur development of mainland China’s offshore investment market, while expanding both parties’ wealth management portfolios.

Upon signing of the agreement, a joint task force will be set up to carry out the specific arrangements of the partnership.