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Chinese mutual fund houses are reducing fees on their exchange-traded funds in response to government initiatives aimed at bolstering the $10 trillion stock market. Major firms like China Asset Management Co. and E Fund Management Co. have cut management fees to 0.15% from approximately 0.5%, while custodian fees will be halved to 0.05%.
CapBridge has been appointed as the authorized distribution partner for UBS’s first tokenized investment, the UBS USD Money Market Investment Fund Token (uMINT), which is built on the Ethereum blockchain. This collaboration aims to bridge traditional finance and digital assets, enhancing access to UBS Asset Management’s cash management solutions. Johnson Chen, CEO of CapBridge, expressed enthusiasm for the partnership, highlighting the synergy between traditional banking and digital innovation.
11:15 07.11.2024
CapBridge has been appointed as an authorized distribution partner for UBS's first tokenised investment, the UBS USD Money Market Investment Fund Token (uMINT), launched on November 1, 2024. This innovative product, built on the Ethereum blockchain, aims to meet the growing demand for tokenised financial assets, providing institutional-grade cash management solutions.Johnson Chen, CEO of CapBridge, emphasized the importance of bridging traditional and digital finance, highlighting the firm's commitment to making digital finance products more accessible. CapBridge also serves as an international partner for virtual asset ETFs in Hong Kong, reinforcing its role as a one-stop platform for diverse investment opportunities.
03:10 07.11.2024
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