Reality bites for HK-China mutual recognition

Reality appears to have bitten for the Hong Kong-China mutual recognition of funds (MRF) scheme, on which AsianInvestor wiill host a live webinar* this coming Wedneday. When the securities regulators of Hong Kong and mainland China introduced the cross-border scheme on May 22 last year, it was hailed as a breakthrough for the development of Asia’s asset management industry. Mainland stocks were booming at the time; the benchmark CSI300 index had surged 62% between early February…