iFAST Corp’s China Subsidiary Awarded A Funds Distributor Qualification In China

19th October 2015

iFAST Corporation Ltd. (“iFAST Corp” and together with its subsidiaries, the “Group”), via its Qianhai-registered subsidiary, iFAST Platform Services (Shenzhen) Qianhai Limited (“iFAST China”), has been awarded a Funds Distributor Qualification from the China Securities Regulatory  Commission (“CSRC”).

“We are pleased to have received the approval from the CSRC to be a Funds Distributor. The Qualification allows us to run an investment funds platform in China, a market we believe will continue to develop into an important global wealth management centre. We intend to work with different industry players in China to build an investment funds platform that can meet the wealth management needs of Chinese investors, in both onshore and offshore investment products,” says Mr Lim Chung Chun, Chairman and CEO, iFAST Corp.

Elaborating further, Mr Calvin Cheung, Regional Director (Greater China), iFAST China, believes that the close collaboration between China and Hong Kong will lead to a greater demand for a strong investment funds platform with cross-market capabilities: “The Mainland-Hong Kong Mutual Recognition of Funds scheme, for instance, opens up investment options for clients in China and Hong Kong. With our investment platform, we intend to reach out to clients by offering them a seamless experience that will enable them to diversify their investments.”

Mr Bernard Teo, General Manager of iFAST China, says that the company will continue to focus on its core strengths, while reaching out to Chinese clients: “Our experience in onshore and offshore operations, distribution of investment products from global fund houses and other financial institutions, robust research into investment products, and our in-house award-winning IT solutions, will offer an improved option to wealth management players and clients in China.”

About iFAST Corp

iFAST Corp (stock code: AIY) is an Internet-based investment products distribution platform, with assets under administration (AUA) of approximately S$5.71 billion as at 30 June 2015. Incorporated in the year 2000 in Singapore, iFAST Corp provides a comprehensive range of services, including investment administration and transactions services, research and trainings, IT services and backroom functions to banks, financial advisory firms, financial institutions, multinational companies, as well as investors in Asia. The company is also present in Hong Kong, Malaysia and China.

iFAST Corp has two main business divisions, namely our Business-to-Consumer (B2C) website, Fundsupermart.com, targeted at DIY investors; and our Business-to- Business (B2B) platform that caters to the specialised needs of financial advisory (FA) companies, banks and financial institutions. Over 5,000 wealth advisers from more than 150 FA companies, banks and financial institutions, use the iFAST B2B platform.

The Group’s mission statement is, “To help investors around the world invest globally and profitably”. The Group won the “Most Transparent Company Award 2015, New Issues Category” at the SIAS Investors’ Choice Awards 2015 held on 16th October 2015 in Singapore. The Group celebrates its 15th year anniversary in 2015.

For more information, please visit www.ifastcorp.com

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