Asset managers and asset owners alike should not rely on ESG specialists from abroad, as developing local expertise is critical in the market, said KPMG and HKIFA.
The Hong Kong Investment Funds Association is firmly against stock exchange proposals to allow dual-class share structures. But asset managers are divided on the issue.
The long-awaited trading link received approval yesterday and is set for launch in December with no aggregate volume limit and exchange-traded funds to be included next year.
Asset managers point to changes they would like to see under the China-Hong Kong mutual recognition scheme to make it a more cost-effective business proposition.
As Hong Kong's Mandatory Provident Scheme Authority releases its 15-year performance review ahead of reforms due this year, the city's funds industry still sees issues to be tackled.
The number of international fund managers using the Shanghai-Hong Kong trading link has risen significantly in the past year, despite the turmoil in Chinese equity markets.