The CEO of BEA Union Investment discusses where progress is being made and where further liberalisation is likely in respect of the Hong Kong-China cross-border fund scheme.
Securities regulators in Beijing and Hong Kong introduced the mutual recognition of funds (MRF) scheme on May 22 last year, when the mainland stock market was still booming.
The programme, which allows fund management companies in both markets to distribute their products across the border, became live on July 1.
AsianInvestor and Thomson Reuters gathered some MRF pioneers to discuss the scheme in a webcast, which was broadcast on February 17. Subsequently we carried out a series of individual video interviews with the webcast participants.
In today's video Eleanor Wan, CEO of Hong Kong's BEA Union Investment, outlines where she feels progress is being made and where further liberalisation can be expected, such as with regard to the rules around sub-advisory.
The other interviewees are Timothy Tse, chief executive of Hong Kong-based Value Partners, whose interview can be viewed here, and Rosita Lee, head of investment products at Hang Seng Bank; please click here to see the latter discussion.
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