English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 21 February 2024, 10:01 HKT/SGT
E Fund & Saudi Riyad Capital Enter Partnership to Share Local Investment Expertise, Enhancing Mutual Investment Capabilities

HONG KONG, Feb 21, 2024 - (ACN Newswire) - On February 20, 2024, E Fund Management Co., Ltd. ("E Fund") signed a Memorandum of Understanding with Riyad Capital, to enter into an agreement to collaborate on sharing local investment expertise. The MoU was signed at the Saudi Capital Market Forum 2024 in Riyadh.

E Fund, the largest fund manager in China, is pleased to announce a new cooperation with Riyad Capital, a leading asset manager in Saudi Arabia. This collaboration aims to combine the strengths and expertise of both organizations to enhance investment opportunities and create long-term, sustainable value for clients.

The cooperation will leverage both firms' extensive knowledge of respective local markets and investment strategies. Through this cooperation, clients of both E Fund and Riyad Capital will have access to a broader range of investment products and services. 

Xiaoyan Liu, Co-Chairman of the Board and CEO of E Fund stated, "The high level of openness of China's capital market provides opportunities for the international development of Chinese fund management companies. E Fund has been consistently advancing its global development strategy, and this partnership with Riyad Capital represents a significant step forward. With this partnership, we will enhance our investment capabilities in Saudi Arabia and the broader region and expand our product offerings and services, while also establishing a bridge for investors in Saudi to understand and allocate to China."

"We are pleased to partner with E Fund Management," said Abdullah Alshwer, Riyad Capital's CEO. "This collaboration allows us to tap into their extensive Asia network and access to their products, while also sharing our local investment expertise. In line with the KSA Vision 2030 through the Financial Sector Development Program we will be able to offer global investors access to Saudi capital markets and similarly offer our local clients a wider range of investment opportunities in different global markets."

Both companies are confident that this cooperation will foster financial innovation, strengthen investment capabilities, and ultimately benefit their clients, who will gain access to a more comprehensive suite of investment solutions. By combining their local expertise and presence, E Fund and Riyad Capital are poised to create a mutually beneficial relationship.

Topic: Press release summary Sectors: Daily Finance, Funds & Equities
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Latest Press Releases
HKTDC Home InStyle, Fashion InStyle open today  
Apr 20, 2024 19:00 HKT/SGT
POWERSCHOOL HOLDINGS, INC. (PWSC): Kaplan Fox & Kilsheimer LLP Investigates POWERSCHOOL and Encourages Investors to Contact the Firm  
Apr 20, 2024 11:16 HKT/SGT
JABIL (JBL): JABIL DISCLOSES INVESTIGATION AND PLACES CEO ON PAID LEAVE - Kaplan Fox & Kilsheimer LLP Investigates and Encourages Investors to Contact the Firm  
Apr 20, 2024 10:00 HKT/SGT
Phish Live at Sphere: Moment Factory Harnesses Sphere's Next-Generation Technologies to Reimagine Concert Experience  
Apr 20, 2024 09:00 HKT/SGT
Avance Clinical Showcases Clinical Excellence at World Orphan Drug Conference in Boston, April 23-25  
Apr 20, 2024 01:00 HKT/SGT
Brawijaya University researcher develops honey-processing tech  
Apr 19, 2024 23:00 HKT/SGT
UK's Largest EV Show Returns for 4th Edition Driving Innovation with Policy Leaders, Product Launches, and EV Innovations  
Apr 19, 2024 20:03 HKT/SGT
GLOBE LIFE (GL): Kaplan Fox & Kilsheimer LLP Investigates GLOBE LIFE and Encourages Investors to Contact the Firm  
Apr 19, 2024 20:00 HKT/SGT
SMC Announces Marketing Agreement with Plato Technologies. Inc.  
Apr 19, 2024 16:03 HKT/SGT
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe  
Friday, April 19, 2024 12:50:00 PM
More Press release >>
More events >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575