The city's securities regulator is broadening its approach to supervising the industry by focusing on corporate culture and encouraging firms to incentivise ethical conduct.
Over 72% of processing time at the SFC is attributed to applicants. To avoid delays in the registration, there must be more collaboration, says Mark Shipman of Clifford Chance.
Meanwhile, equity strategies took in more money, notably those focused on developed markets, but outflows accelerated from Asian and other emerging market funds.
Hong Kong's funds association is surveying the public to understand more about what might coax them to save for retirement. Tax-free schemes are among the mooted ideas.
Hong Kong investors will likely pile more money into balanced funds for the foreseeable future as a way to manage volatility and market uncertainty, predicts the HKIFA's Bruno Lee.
The choice of multi-asset income products available in Hong Kong has further expanded, after inflows into such strategies grew 600% year-on-year in early 2013.
The firm warns of a significant cost impact along the entire asset management chain and says prompt resolution is needed.