Ireland gives green light to Ucits funds on Stock Connect
The last regulatory hurdle to Ucits trading on Stock Connect was removed yesterday when Ireland's financial regulator set out the rules framework for Dublin-domiciled funds looking to buy Chinese A shares.
Dublin-domiciled Ucits funds have been given approval to invest in Chinese stocks via the Shanghai-Hong Kong Stock Connect.
The green light from Ireland’s financial regulator has removed the final regulatory hurdle for Ucits funds looking to use the cross-border trading scheme.
The move is also seen as paving the way for the launch of the upcoming Shenzhen-Hong Kong Connect.
In a Q&A document issued by the Central Bank of Ireland yesterday, the regulator said it would perm…
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