Recently, Bank of China Macau Branch(the Branch) became the sales agency for the first RMB bond fund launched in Macau by signing the Agreement on Sales of Ping An Selected RMB Bond Fund with Ping An Asset Management (Hong Kong) Co., Ltd (PAAM Hong Kong).
This April in Hong Kong, Ping An Asset Management Company issued the first offshore RMB bond fund. In May, the fund was approved to be sold and became the first offshore RMB bond fund in Macau.
As the largest local financial institution, the Branch always devotes itself to serving Macau residents with diversified financial services in line with the motif of "being rooted in Macau, being dedicated to Macau", stated by a leader of the Branch. Since this year, Macau citizens have cultivated a strong demand for RMB investment products with their rapidly increasing RMB assets. By signing the sales agency agreement with PAAM Hong Kong to sell the first RMB bond fund in Macau, the Branch will provide the local people with more options to invest in RMB wealth management products, which were unavailable on the local market.
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