Industry asks for clarity on China-HK funds plan
Fund houses and banks have set out areas where they want regulators to provide certainty around the China-Hong Kong mutual recognition scheme for funds.
The proposed Hong Kong-China mutual recognition scheme for funds has sparked huge attention and debate in the investment industry, but asset managers stress that more clarity is needed to help them plan ahead.
There are three issues that Hong Kong’s Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) need to address as a priority, says Lieven Debruyne, Hong Kong chief executive and Asia-Pacific head of intermediaries at Schroder Investmen…
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