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 scheme, which allows fund management companies in both markets to distribute their products across the border, went live on July 1. To date, 25 MRF funds have been approved for sale in Hong Kong, and six for sale on the mainland.
AsianInvestor and Thomson Reuters gathered some of the programme’s pioneers to discuss MRF in a webcast broadcast on February 17. Subsequently we carried out a series of video interviews with the webcast participants.
Today we hear from Timothy Tse, chief executive of Value Partners, which submitted its application for a northbound MRF fund in August last year.
He talks about the application process, how Value Partners came to choose its master agent and how it plans to co-ordinate and separate responsibilities between itself, its agent and its distributors.
He also discusses the firm's social media plans for bringing its brand and investment views to retail investors in mainland China. To listen to the interview, please click below. AsianInvestor will publish two further video interviews on this topic in the coming weeks.