The proposed scheme will fail to live up to the hype initially because the size of the opportunity needs to be put into perspective, says Shiv Taneja of Cerulli.
Tag : cross-border
Speculation about the imminent arrival of the cross-border funds scheme between Hong Kong and the mainland appears off the mark.
Lawyers say the revolutionary mutual-recognition funds platform with mainland China will not necessarily bestow the status of Asian asset management hub the city so craves.
Alexa Lam’s speech on a mutual-recognition funds platform between HK and China was high on rhetoric but short on detail. Here we raise key issues that need to be addressed.
The big watershed in China this year will be an increase in cross-border renminbi settlements, says Aaron Boesky at Marco Polo Pure Asset Management.
But pan-Asian market infrastructure not really necessary until intra-regional trading volume increases.