Choose your China entry point now, fund groups told

Fund managers need to consider alternatives to mutual recognition as a way of gaining traction in China’s fast-developing funds market, says a consultant. While asset managers pore over the details of Hong Kong-China mutual recognition, which launches tomorrow (July 1), it seems clear that many firms are waiting to see how the market evolves. There are two divergent groups looking at their options for mutual recognition, according to Howhow Zhang, director of research at Shangha…