HKEX Integrated Fund Platform adds nominee holding services

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Hong Kong Exchanges and Clearing（HKEX）has launched platform and nominee holding services on the Integrated Fund Platform（IFP）, adding primary distribution, nominee holding and administration functions. The platform supports the holding and management of fund units and aims to simplify payment and settlement cash flows, reconciliation and reporting. The number of IFP participants has increased from 33 when the Order Routing Service launched to more than 60, including distributors, fund management companies and transfer agents.