China’s Zhangle Global Debuts Cash Pro Management Tool

Huatai International announced that Zhangle Global has released Cash Pro, a new cash management service designed to help investors with a new low-risk and liquid option, Taiwan News reported Thursday (May 19).

Cash Pro will offer “the flexibility of earning dividend” through investing cash holdings in a fund, while waiting for the best timing to enter the market.

Investors will be able to activate this from the Zhangle Global app’s “Wealth” interface. It will then put idle funds into Cash Pro on every trading day, meaning they are automatically subscribed to an exclusive fund linked to Cash Pro with the goal of earning daily dividends.

The service doesn’t come with a minimum investment amount, and there won’t be any charges or fees for subscription, redemption, transaction, switching or other services. It will focus mostly on the low-risk assets like money market investments denominated in U.S. dollars or Hong Kong dollars.

Zhu Yali, managing director with Huatai Financial and head of Zhangle Global, said the rollout “is a result of Huatai International’s extraordinary ability to integrate finance and technology.”

“It further fills the gap of automation of idle fund management in Hong Kong,” Yali said, per the report. “Zhangle Global is committed to providing investors with a well-balanced service offering under the current volatile market, and to continuously promoting the concept of ‘idle fund management.’

“The successful launch of Cash Pro service is an important step for Zhangle Global to become the preferred one-stop wealth management platform for the global Chinese community. In the future, we will continue to invest in FinTech as we provide more innovative wealth management services for our clients.”

PYMNTS wrote that many financial institutions have been making changes and adding digital solutions, in order to hopefully cut down enterprise clients’ B2B payment friction.

Related: ‘Seeing Is Believing’ for Corp Clients When It Comes to Cash Flow and Liquidity

Many firms are wanting to offer clients a single view of cash for real-time cash flow management and forecasting. The report said 55% of financial institutions are now working on finding solutions for that, while 24% have plans to do that in the future.