HSBC Luxembourg has been mandated by Ping An of China Asset Management (Hong Kong) Co to act as central administrator, depositary (trustee), transfer agent and custodian for its first UCITS umbrella fund.

This Luxembourg-domiciled UCITS fund comprises the following sub-funds:

- China A-Shares AI Multi-Factor Fund;

- China Green Bond Fund;

- China High Yield Private Strategy Bond Fund;

- Emerging Market Income Fund.

Sebastien Danloy, Global Head of Asset Owners & Managers, Securities Services, HBSC, said:

"We're delighted to be partnering with Ping An as they expand their European offering to include investment opportunities under the UCITS regulatory framework. It provides a means for European and global investors to access China's equity and fixed income markets via PAAMC HK's offshore investment platform.

"China's GDP significantly recovered in the second quarter and we continue to see global investors seeking Chinese assets for both yield and diversification of their portfolios. As a result, we are successfully supporting more and more new Chinese asset managers requesting to set up European funds for distribution in Europe and across Asia."

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HSBC Luxembourg has been mandated by Ping An of China Asset Management (Hong Kong) Co to act as central administrator, depositary (trustee), transfer agent and custodian for its first UCITS umbrella fund.

This Luxembourg-domiciled UCITS fund comprises the following sub-funds:

- China A-Shares AI Multi-Factor Fund;

- China Green Bond Fund;

- China High Yield Private Strategy Bond Fund;

- Emerging Market Income Fund.

Sebastien Danloy, Global Head of Asset Owners & Managers, Securities Services, HBSC, said:

"We're delighted to be partnering with Ping An as they expand their European offering to include investment opportunities under the UCITS regulatory framework. It provides a means for European and global investors to access China's equity and fixed income markets via PAAMC HK's offshore investment platform.

"China's GDP significantly recovered in the second quarter and we continue to see global investors seeking Chinese assets for both yield and diversification of their portfolios. As a result, we are successfully supporting more and more new Chinese asset managers requesting to set up European funds for distribution in Europe and across Asia."