Having obtained a license from the Securities and Futures Commission of Hong Kong (SFC), Airwallex is now offering asset management services that can yield up to 3.97% on users’ multi-currency balances, with no minimum lock-up period required.
Yield’s Full Rollout in Hong Kong
By integrating Yield into the Airwallex platform, customers can enhance their financial operations by managing their working capital and additional funds efficiently. This allows them to earn returns on idle funds while operating more effectively.
Yield is a low-risk discretionary portfolio management service that focuses on providing returns through exposure to money market instruments managed by investment firms like JP Morgan Asset Management. This partnership aims to extend Airwallex’s multi-currency liquidity management capabilities, benefiting businesses with improved features.
Users can invest in Yield’s high-quality, short-duration investments and benefit from the convenience of accessing high-liquidity returns without needing multiple bank accounts. Funds can be transferred between the cash balance and the Yield account as needed, helping companies consolidate more working capital within Airwallex’s platform.
Availability and Regulation
Yield has been in beta testing for several months, initially available to a select group of Hong Kong businesses. With the full launch, all eligible businesses can now sign up and create an account through Airwallex Capital Hong Kong Limited, which is regulated by the SFC.
For further details on Airwallex, visit their detailed profile in our dedicated Company Database.