HK-domiciled platforms must go global: custodians
The product range on HK fund platforms must diversify beyond Asian underlyings to boost Chinese interest in mutual recognition, say asset servicers. That will mean more locally based capabilities.
Asset managers mulling setting up Hong Kong fund platforms should develop global products from the get-go rather than focusing only on Asian underlyings, say custodians. Otherwise, they argue, mainland investors will show little interest in the Hong Kong-China fund mutual recognition agreement (MRA).
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