Managers brace for mutual recognition hurdles

Dec 7, 2014

Fund firms suspect high distribution costs in China will generate thin margins in the scheme's early days, but having to hire a distribution agent could help as they consider how to scale up.

Managers brace for mutual recognition hurdles

Asset managers in Hong Kong fear "exorbitant" distribution costs in mainland China will lead to razor-thin profit margins in the initial years of the pending cross-border mutual recognition scheme.

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