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HK funds industry sees China blocking MRF progress

Richard Newell
Chinese regulators are putting up unnecessary barriers to fund managers wanting to take advantage of mutual recognition of funds between Hong Kong and the mainland, believe industry experts.
HK funds industry sees China blocking MRF progress

Asian fund industry professionals are growing frustrated that the concept of mutual recognition is not being properly adopted by China's regulators just as foreign fund managers ramp up their activity on the Chinese mainland in anticipation of more open markets.

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