Mutual recognition faces distribution hurdles: Cerulli
Both Chinese and foreign banks may prefer to sell QDII products than Hong Kong-domiciled funds, says the consultancy – for a number of reasons.
Fund houses may be rubbing their hands at the prospect of a new avenue into China’s market in the form of China-Hong Kong mutual recognition, but first movers are likely to face a distribution bottleneck, argues Cerulli Associates.
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