Fund managers told to prepare for post-RQFII future
Chinese fund managers in Hong Kong have been warned that Stock Connect and global competitors will erode their RQFII position, so they need to boost their skills to offer clients value-added services.
Hong Kong-based Chinese fund houses with RQFII quotas need to develop into well-rounded asset managers in order to stay competitive in the market, a forum heard.
Despite enjoying the benefits of being first to use the investment licences when they were launched in late 2011, the fund managers were warned that global expansion of the scheme, along with new investment channels, put that advantage at risk.
When quotas for the renminbi qualified institutional investor scheme become …
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