GF Fund Management is the second Chinese fund house to receive regulatory approval for an office in London as mainland managers begin to realise their overseas ambitions.
GF International aims to be a first-mover in the launch of southbound products in Hong Kong under mutual recognition. Its chief has outlined its plans for the fund scheme and its bid to open a London office.
Hong Kong subsidiaries may have to redesign their RQFII product offerings as a result of upcoming mutual recognition, as they face direct competition with funds offered by their mainland China parent firms.
The Hong Kong subsidiary of China’s sixth largest mutual fund house launched its first RQFII mutual fund, with balanced funds and a segregated accounts business in the pipeline.
RQFII fund managers can now offer a more diverse range of products, including segregated accounts, as Chinese authorities ramp up quota handouts.
Nathan Lin is set to join GF International IM as general manager to oversee the business and help get its fledgling RQFII programme off the ground, AsianInvestor understands.