A high-level government advisory body says a more diversified fund distribution landscape is necessary for Hong Kong to grow as a financial hub.
Hong Kong's government-backed Financial Services Development Council says action must be taken to stop the city being left behind as a centre for trading of exchange-traded funds.
CSRC chairman Xiao Gang and Hong Kong's Laura Cha say mutual recognition of funds is imminent, following yesterday's unveiling of the linking of the Shanghai and Hong Kong stock markets.
Credit Suisse's Harvey handed new role, Hong Kong unveils new council, Eastspring appoints Japan CEO, SLI transfers staff to Hong Kong and Pioneer poaches Axa's Bailie.
The hedge fund industry needs to coordinate across the region, to create an Asian advocacy effort, says new Aima chairman Philip Tye.