The SFC’s aim of allowing Hong Kong registered RMB funds to be sold directly into China and vice versa will boost the city’s fund industry as houses compete for a share of Mainland capital.
Hong Kong will further its aim of becoming an international asset management centre and the leading offshore RMB centre when Securities and Futures Commission (SFC)-registered funds become eligible to be sold directly to Mainland investors in a move that will have less of a positive impact on Chinese
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