While investors are waiting for the right time to invest, the idle funds are invested daily into the fund linked to Cash Pro service, increasing their utilization efficiency. An investor's holdings in Cash Pro are fully counted as his or her cash purchasing power, meaning that they can be used for equity transactions, IPO subscriptions or mutual fund investment, etc. The liquidity of Cash Pro service is comparable to bank deposits. Fund products linked to Cash Pro service aims to achieve a stable return through investing in money market instruments denominated in HKD or USD.ġ00% cash purchasing power, a well-balanced approach Dividend is expected to be distributed on each trading day, while dividend may also be calculated on non-trading days and accrued until the next distribution day. These options are relatively illiquid and tend to have high entry barriers, unstable or even low returns, making them difficult to meet investors' requirements of low risk, stable returns, and high liquidity.Ĭash Pro service invests the daily balance amount in investors' accounts into designated funds. The cash management options currently available in the market include savings and fixed deposits, money market funds, etc. Target daily dividend accrual, automated fund subscription and redemptionĪs global financial markets became more volatile in recent years, investors' demand for defensive asset allocations increased. In the future, we will continue to invest in Fintech as we provide more innovative wealth management services for our clients." The successful 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. Zhangle Global is committed to providing investors with a well-balanced service offering under the current volatile market, and to continuously promoting the concept of 'idle fund management'. It further fills the gap of automation of idle fund management in Hong Kong. Zhu Yali, Managing Director at Huatai Financial and Head of Zhangle Global, said: "The successful launch of Cash Pro service by Zhangle Global is a result of Huatai International's extraordinary ability to integrate finance and technology. The fund has been authorized and is regulated by the Securities and Futures Commission in Hong Kong (SFC). It focuses primarily on low-risk assets such as money markets investments denominated in USD or HKD. The fund currently available to users is jointly launched by Huatai International and China Asset Management (Hong Kong) Limited. Currently there is no charges or fees for subscription, redemption, transaction, switching, and other services. In the meantime, funds placed in Cash Pro can be redeemed for other investments at any time.Ĭash Pro service requires no minimum investment amount. In other words, they will be automatically used to subscribe an exclusive fund linked to Cash Pro service, with the goal of earning dividend daily. After the service is activated, all idle funds in their Zhangle Global accounts will be automatically transferred to Cash Pro on every trading day. Investors can now activate the Cash Pro service from the "Wealth" interface within the homepage menu of Zhangle Global App. Designed to automate the process of idle cash management, Cash Pro offers a relatively low-risk and liquid option for investors, giving them the flexibility of earning dividend by investing their cash holdings in fund while waiting for the right timing to enter the market. (Huatai International) today announces that Zhangle Global, a wealth management platform built for the global Chinese community, has released Cash Pro service. Media OutReach - Huatai International Financial Holdings Company Ltd.
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