Managers need to solve mutual recognition legacy issues

Jul 1, 2015

Mutual recognition opened for business yesterday, but fund managers still have a range of operational issues to overcome. These include differences in Hong Kong and mainland China's approach to fund processing.

Managers need to solve mutual recognition legacy issues

The first Hong Kong funds to be sold via mutual recognition are expected to be approved by Chinese regulators at the end of July, an asset service provider has predicted.

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