The China Securities Regulatory Commission (CSRC)
and Securities and Futures Commission (SFC) have
reached an agreement on Mainland – Hong Kong
mutual recognition of funds.
The market has anticipated mutual recognition of
funds between Hong Kong and China since it was first reported
in November 2012. It is one of three competing fund recognition
schemes in Asia; the other two are the Asean Collective
Investments Scheme (CIS) and the Asian Region Funds Passport
The reforms will allow qualified funds approved by the CSRC
and established in China to be distributed in Hong Kong, and
funds domiciled in Hong Kong and managed by management
companies licensed by the SFC...