Chinese investment firm Huatai International Financial Holdings Company has rolled out a cash wealth management offering via its Zhangle Global platform, built for the global Chinese community.
Cash Pro offers an automated, relatively low-risk and liquid option for investors, giving them the flexibility of earning dividends by investing their cash in a fund before timing entry to other asset markets, according to Huatai International.
The fund available to users is jointly launched by Huatai International and China Asset Management (Hong Kong) Limited. It focuses mainly on low-risk assets such as money markets investments denominated in US dollars or Hong Kong dollars.
The fund has been authorised and is regulated by the Securities and Futures Commission in Hong Kong.
‘One-stop’ wealth platform
Investors can activate the Cash Pro service from the “Wealth” interface within the home page menu of the Zhangle Global App.
After the service is activated, all idle funds in their Zhangle Global accounts will be automatically transferred to Cash Pro on every trading day to earn dividends. Money placed in Cash Pro can be redeemed for other investments at any time.
There is no minimum investment and currently there are no charges or fees for subscription, redemption, transaction, switching, and other services.
“The launch of Cash Pro service is an important step for Zhangle Global to become the preferred one-stop wealth management platform for the global Chinese community,” said Zhu Yali, managing director of Huatai Financial and head of Zhangle Global.
“In the future, we will continue to invest in Fintech as we provide more innovative wealth management services for our clients,” he added.
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