HONG KONG, Sept. 14, 2023 /PRNewswire/ -- Pando Trust Limited has obtained the Hong Kong TCSP (Trust or Company Service Provider) and Trustee license on August 29, 2023. This enables the company to engage in a wider range of fund management businesses in the future.
The acquisition of the trustee license by Pando Trust Limited highlights the vitality and prospects of the Hong Kong TCSP trust industry. As one of the financial centers in Asia, Hong Kong is renowned for its stable legal system, robust regulatory framework, and international financial market. The trust industry in Hong Kong has experienced extensive development and recognition, offering clients diverse services and international investment opportunities.
The Hong Kong trust industry possesses several notable characteristics. Firstly, trust companies provide clients with a wide range of services, including succession planning, asset protection, and tax planning, tailoring personalized solutions based on clients' needs. Secondly, Hong Kong, as an international financial center, offers trust clients extensive global investment opportunities, aiding in asset appreciation and risk diversification. Additionally, the Hong Kong trust industry boasts an experienced and highly professional talent pool capable of providing clients with expert advice and customized services. Lastly, stringent regulatory and compliance requirements ensure transparency, stability, and reliability in trust services, providing clients with a secure asset management environment.
The Hong Kong trust industry will continue to develop and innovate to meet evolving market demands and client expectations. With technological advancements and transformations in the financial industry, the trust sector will continue to play a crucial role in delivering high-quality asset management and wealth enhancement services to clients.
The acquisition of the trust license by Pando Trust Limited exemplifies the development of the Hong Kong trust industry. The company will uphold the highest industry standards and work collaboratively with other institutions in the Hong Kong trust industry to promote innovation and advancement in trust services.
Pando Trust look forward to sharing our latest developments with you and witnessing the prosperity and achievements of the Hong Kong trust industry together.
About Pando Trust Limited: Pando Trust Limited is a leading financial institution headquartered in Hong Kong. As a professional trust service provider, it offers clients excellent financial solutions and comprehensive asset management services.