China ‘holds key’ to Asia fund passport success
The Asean and ARFP schemes will be complimentary, but the commercial viability of passporting will revolve around China, an AsianInvestor roundtable hears.
China holds the key to making any of Asia’s three proposed fund passport scheme a success, but it will need to grant Hong Kong more than a year’s grace period before extending mutual recognition, heard participants in an industry roundtable.
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