Convoy Financial Group, a Hong Kong-based financial advisor, has signed a strategic framework cooperation agreement with Gold-Finance Group, a China-based wealth management firm, to further expand business presence of both parties in Greater China.
Under the deal, Convoy will be able to develop comprehensive insurance and wealth management businesses in China and expand its presence into the China market including the Beijing-Tianjin-Hebei region, Yangtze River Delta and Pearl River Delta.
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The agreement will allow Convoy to leverage Gold-Finance’s extensive sales network in China to strengthen the Group’s sales capability in the region.
Additionally, Convoy can use Gold-Finance’s mainland sales network, wealth management products research and development resources and their abundant high net worth client base.
The deal will see Convoy working closely with Gold-Finance to support their business plans in Hong Kong and China, and also combine market leadership of both parties in Hong Kong and China and achieve mutual benefits through the collaboration.
Mark Mak, deputy CEO of Convoy Financial Group, said: "Convoy can provide a comprehensive overseas platform for Gold-Finance to offer a wider range of high quality financial and wealth management services to its mainland customers, thus substantially enhancing its competitiveness in China.
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By GlobalData"At the same time, Gold-Finance can also leverage Convoy’s rapidly expanding sales network in China to more effectively capture business development opportunities," Mak added.
