RBC Asia chief: China-HK fund recognition “ad hoc” compared with Europe

First person

andrew-gordon

The Hong Kong Securities and Futures Commission (SFC) and China Securities Regulatory Commission (CSRC) are finalising the scope for a mutual fund recognition initiative to allow cross-border fund sales. The proposed mutual recognition fund regime would permit SFC-authorised funds domiciled and operating in Hong Kong to be sold directly in mainland China and for qualified mainland funds to be sold in Hong Kong. In both cases there would be no need for additional local regulatory approval.

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