Chinese fund firms face a struggle for Swiss success

Jun 26, 2017

Harvest Global Investments has qualified for the Switzerland-Hong Kong mutual recognition of funds scheme, but the hard work is to come – and it will take time.

Chinese fund firms face a struggle for Swiss success

The international arm of Beijing-based Harvest Fund Management has got the first equity funds qualified for the Switzerland-Hong Kong mutual recognition of funds (MRF) scheme, it announced yesterday. But Harvest Global Investments – and other mainland asset managers – have a tough task ahead of them developing this business amid fast-growing competition and a gloomy outlook for China.

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