MRF approvals face potential delays amid A-share unrest
With Chinese regulators making stabilisation of the A-share market their top priority, market players say approval of funds under mutual recognition could be delayed, along with the launch of Shenzhen Connect.
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Approvals under China’s cross-border trading schemes could be delayed this year as regulators make stabilisation of the A-share market their top priority.
The mutual recognition of funds (MRF) scheme and the upcoming Shenzhen-Hong Kong Stock Connect could suffer from the delays as resources are diverted elsewhere, according to market watchers.
Sebastien Chaker, head of Asia at fund transaction network provider Calastone, said that Hong Kong funds looking to gain approval for nor…
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