French asset-management giant Amundi says it expects to launch products soon into the Greater Bay Area as part of the imminent launch of the Wealth Connect Scheme.
According to an interview in Bloomberg, the company has two to three moderately risked products lined up, focusing on fixed income or a mixture of equities and bonds. “We’re just waiting to push the button” once they get a nod from regulators, said Kerry Ching, CEO of Amundi in Hong Kong.
Amundi plans to more than double its assets under management in China within the next few years, the company said, from around US$120bn now to around US$250bn.
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