HK managers face product dilemma over funds link
Hong Kong subsidiaries may have to redesign their RQFII product offerings as a result of upcoming mutual recognition, as they face direct competition with funds offered by their mainland China parent firms.
Product development in Hong Kong looks set to be revamped as a result of the upcoming mutual recognition scheme, according to Chinese asset managers.
This will have implications for their utilisation of RQFII quotas, as Hong Kong units of mainland firms face the dilemma of their own funds competing against their parent’s southbound products under the new scheme.
This may offer Hong Kong managers who have exhausted RQFII quotas the chance to develop new products, but also present…
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