Mainland link will boost HK as fund centre, says SFC
Hong Kong's securities regulator sees mutual recognition as a way of increasing the number of funds domiciled in the city and raising its profile as a regional centre. It also aims to attract more investment to the city.
The upcoming mutual fund recognition will help to boost Hong Kong’s position as a regional fund centre, the city’s securities regulator has said.
Officials hope that the scheme, which will go live on July 1, will encourage the domiciling of more funds in Hong Kong, up from only a relatively small proportion in the city.
However, it has been predicted that mainland approval of Hong Kong funds will take up to six times longer than for local funds, as the mainland regulator will ta…
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