Much more work needs to be done to ease market access and
reduce the regulatory burden for foreign investment funds
interested in expanding into China, especially the Greater Bay
Area (GBA), according to panellists at the Hong Kong Investment
Funds Association’s 13th annual
conference.
The GBA is an economic and social plan comprising the two
special administrative regions of Hong Kong SAR and Macau SAR,
as well as nine cities in China, to form an integrated economic
hub.
While the plan is ambitious, the financial sector wants to
see more concrete plans to help increase connectivity between
Hong Kong SAR, Macau SAR and China.
"The challenge is dealing with the regulation, finding the
right products for GBA customers, and figuring out how best to
distribute these products," said Winson Fong, managing
director, Greater China equities at Manulife Investment
Management.
MRF scheme challenges
Although the mutual recognition of funds (MRF)...