Chinese Fintech and wealth management company CreditEase, has upped its presence in Singapore with the opening of a larger office.
CreditEase Wealth Management opened its Singapore office in October 2014 with a focus on global real estate finance and investment.
Its global property Fund of Funds products have proved a hit with high-net-worth Chinese clients.
When it obtained an asset management license from the Monetary Authority of Singapore (MAS) in 2016, it marked the beginning of further business expansion in the city-state.
Explosive Development
The new office opening was hosted by CreditEase Founder and chief executive Ning Tang.
Tang forecast an explosive development in crowdfunding, robo-advisor, insurance tech and blockchain innovations in the coming decade, while reiterating the company's willingness to share its Fintech achievements and the «development dividend» to create value for clients.
Huge Wealth Management Network
«We hope to integrate CreditEase's Fintech innovations with the global resources in Singapore to fuel the growth of our wealth management business and to provide better global asset allocation services to high-net-worth domestic and overseas Chinese clients,» said Tang.
In addition to Singapore, CreditEase operates overseas offices and affiliate offices in Hong Kong, New York, and Tel Aviv. Domestically, the CreditEase wealth management network covers over 40 mainland cities.
