New China trading limits may delay MRF sales
Hong Kong asset managers, the master agents for Chinese funds under the mutual recognition scheme, are having to amend sales materials due to the mainland’s index 'circuit breaker'.
New Chinese stock-trading limits are likely to delay southbound (China-to-Hong Kong) sales under the mutual recognition of funds (MRF) scheme, as master agents in Hong Kong said they will need more time to amend sales documents to reflect the new market feature.
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