CreditEase, a China-based wealth management firm, has opened a new office in Asia Square Tower in Singapore.

In October 2014, the company opened its wealth management office, focusing on global real estate finance and investment.

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The move comes after CreditEase received an asset management license from the Monetary Authority of Singapore in 2016.

CreditEase also operates overseas offices and affiliate offices in Hong Kong, New York, and Tel Aviv in addition to Singapore. The fintech provider covers more than 40 mainland cities in China.

CreditEase founder and CEO Ning Tang said: “After 11 years of development, CreditEase has become an innovator and leader across various stages and areas of Fintech including payment, marketplace lending, crowdfunding, robo-advisor, insurance tech and blockchain.

“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.”