HSBC has been appointed by E Fund Management (Hong Kong) Co Ltd to provide servicing solutions for its existing Luxembourg UCITS. This expands HSBC’s servicing of E Fund’s current funds business beyond Asia, where HSBC acts as the depositary, custodian, transfer agent, fund administrator and corporate secretary of the E Fund Greater China High Dividend Equity Fund. Guangzhou-based E Fund is the largest integrated management corporation in China, with total AuM of c. RMB2.5trn (c. USD385bn), including E Fund Hong Kong and China subsidiaries. HSBC in Luxembourg currently services USD284.5bn AuA.
