Amundi banks on financial linkages

Amundi Asset Management, the asset management arm of France-based investment bank Credit Agricole SA, is banking on more cross-border initiatives in the financial sector between the Chinese mainland and Hong Kong to tap the burgeoning demand of mainland investors' for global assets.

The Chinese mainland, Hong Kong and Taiwan are the fund manager's key growth markets whereas the assets under management (AUM) sourced from the mainland and Hong Kong jumped 15.4 percent and 13.9 percent respectively in 2017.

The fund manager has signed distribution agreements with Agricultural Bank of China and e-commerce giant Alibaba Group Holding's affiliate Ant Financial to distribute fund products on the mainland through physical and digital channels.