The asset manager’s Asian subsidiary East Capital Asia has been awarded an asset management licence and a securities advice licence by the Hong Kong Securities and Futures Commission.
The company opened an office in Hong Kong in 2007 led by Karine Hirn, a partner at East Capital.
Hirn said of the licence: “An asset management licence in Hong Kong is a significant development for East Capital, as it enables us to enhance our investment process.
“Outside of Europe, our Hong Kong investment hub is our second home and we have ambitious plans for further growth in the region as we see increasing interest for our Asian products from our global investor base.”
East Capital’s Asia fund range includes a daily-traded A-shares fund, the East Capital (Lux) China Fund and the East Capital (Lux) Emerging Asia Fund.
To date, it has invested more than $170m in the China A-shares market.
