China

Huatai International announces global launch of Cash Pro service

Huatai International Financial Holdings Company (Huatai International) has announced that Zhangle Global, a wealth management platform built for the global Chinese community, has released Cash Pro service.

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.

Investors can now activate the Cash Pro service from the "Wealth" interface within the homepage menu of 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. 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. In the meantime, funds placed in Cash Pro can be redeemed for other investments at any time.

Cash Pro service requires no minimum investment amount. Currently there is no charges or fees for subscription, redemption, transaction, switching, and other services. The fund
 currently available to users is jointly launched by Huatai International and China Asset Management (Hong Kong) Limited. It focuses primarily on low-risk assets such as money markets investments denominated in USD or HKD. The fund has been authorised and is regulated by the Securities and Futures Commission in Hong Kong (SFC).

 

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. It further fills the gap of automation of idle fund management in Hong Kong. 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'. 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. In the future, we will continue to invest in Fintech as we provide more innovative wealth management services for our clients."