Bank of Communications Becomes First Nationwide Bank in China to Launch Fund Investment Advisory Platform

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Big state-owned lender Bank of Communications (BOCOM) has just launched a new fund investment advisory platform.

BOCOM officially launched the platform on 8 December, becoming the first commercial bank in China that operates on a nationwide basis to offer fund investment advisory services to retail customers.

During its trial phase the platform will give BOCOM’s retail clients access to the fund products and advisory services of three participating institutions, including E Fund Management, China Southern Asset Management and Zhong Ou Asset Management.

In future BOCOM will look for more cooperative partners to “further optimise platform functions and select the best investment advisory institutions and strategies from the entire market.”

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