BEA ponders best time to take mutual recognition plunge

Bank of East Asia (Hong Kong) is taking a wait-and-see attitude towards Hong Kong-China mutual recognition ahead of the scheme’s launch tomorrow (July 1).  The bank’s head of investment products and advisory said it would be too early to add China-managed funds onto its platform in the next month or so, but it will eventually participate in the scheme. He cited concerns over introducing small and mid-cap A shares because of valuation worries. Meanwhile, BEA is planning to roll-o…