HK MoUs with Australia, Taiwan set to bear fruit

Hong Kong’s securities regulator and stock exchange are working with their counterparts elsewhere to revive and expand the scope of existing fund-recognition agreements with Australia and Taiwan, respectively, to further drive cross-border fund business. And Korea may be next in line for a similar memorandum of understandig (MoU), if asset managers there get their wish. One upshot is that mutual funds are likely to be mutually recognisable between Hong Kong and Taiwan by the end…