The Hong Kong watchdog's investment products head pointed to the imbalance of fund flows under the mutual recognition scheme. She also commented on the SFC's fee-disclosure proposals.
A veteran of Hong Kong’s Securities and Futures Commission, Christina Choi will oversee investment products, in the culmination of a long-running saga. But there remains a question over coverage of China activities.
Hong Kong's securities regulator sees mutual recognition as a way of increasing the number of funds domiciled in the city and raising its profile as a regional centre. It also aims to attract more investment to the city.
Julia Leung, former under-secretary of financial services and the treasury, has been appointed executive director of investment products at the SFC. But Lam's deputy CEO role remains unfilled, at least for now.