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| To Strengthen Mainland China Sales Network and Expand Business across Greater China |
HONG KONG, Aug 6, 2014 - (ACN Newswire) - Convoy Financial Group ("Convoy" or "the Group") announced that it has entered into a strategic framework cooperation agreement today with Gold-Finance Group ("Gold-Finance"), an independent management company with the largest branch office network in mainland China, forging a strategic partnership to further expand the business presence of both parties in Greater China, including the Beijing-Tianjin-Hebei region, Yangtze River Delta and Pearl River Delta.
 | | Convoy Signs Strategic Framework Cooperation Agreement with Gold-Finance Group |
Quincy Wong, Chairman of Convoy Financial Group, said, "Demand for independent wealth management services has been rapidly increasing in China during recent years, and still shows great room for market development. Convoy has obtained the National Insurance Agent License in China in 2013. With this, we are now able to develop comprehensive insurance and wealth management businesses in China and fully expand into the China market. Through the strategic cooperation agreement, Convoy can utilize Gold-Finance's extensive sales network in China to strengthen the Group's sales capability there, which will extend our market penetration and accelerate our business expansion."
Mr. Wong pointed out that this is the first time Convoy has expanded its business in mainland China by way of cooperation agreement and strategic partnership. Convoy will work closely with Gold-Finance to support their business plans in Hong Kong and China, and in turn, the Group hopes to realize greater synergies and consolidate market leadership of both parties in Hong Kong and China and achieve mutual benefits through more active strategic collaboration with Gold-Finance.
Mark Mak, Deputy Chief Executive Officer of Convoy Financial Group, said, "As a leading independent wealth management company in Eastern China, Gold-Finance has a business network covering first-tier cities across the country and economic centres in key regions in the prosperous Yangtze River Delta and other districts. Through this partnership, Convoy can leverage Gold-Finance's mainland sales network, wealth management products research and development resources and their abundant high net worth client base. These resources will provide strong support for Convoy's business development in China."
"On the other hand, Convoy, as the largest independent wealth management consultancy in Hong Kong, offers an all-round financial services platform and extensive operational experience. We can provide a comprehensive overseas platform for Gold-Finance to offer a wider range of high quality financial and wealth management services to its mainland customers, thus substantially enhancing its competitiveness in China. At the same time, Gold-Finance can also leverage Convoy's rapidly expanding sales network in China to more effectively capture business development opportunities."
Quincy Wong concluded that the Group will continue to actively explore and seize the development opportunities across the Greater China region and elsewhere in Asia and enhance Convoy's brand awareness in China as it strives to develop into a leading financial services company in the region and create greater value for investors.
Contact:
Convoy Financial Group Corporate Communications
Name: Bobo Wong / Syndi Wong
Tel: (852) 3601 3699 / (852) 3601 3765
E-mail: bobo.wong@convoy.com.hk / syndi.wong@convoy.com.hk
Strategic Financial Relations
Name: Courtney Ngai / Denise Siu / Rita Fong
Tel: (852) 2114 4952 / (852) 2114 4913 / (852) 2114 4939
Email: courtney.ngai@sprg.com.hk / denise.siu@sprg.com.hk / rita.fong@sprg.com.hk
Topic: Press release summary
Source: Convoy Financial Holdings Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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