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The Game Changer for Hong Kong

Insights, Institutional Investors

  Author: Stewart Aldcroft ( Citibank )
 May, 2013
  Price: FREE


On January 23, 2013, at a small gathering of securities industry types, Alexa Lam of the Hong Kong Securities & Futures Commission (SFC) announced that the SFC and the China Securities Regulatory Commission (CSRC), were in negotiations for the mutual recognition of mutual funds and unit trusts from each others’ jurisdictions, to be allowed to be sold to retail investors in each other’s markets at some time in the future.
This initiative could be regarded as one of the most significant developments for the Hong Kong fund management industry in a generation. It is the potential game changer that Hong Kong has been waiting for since China began to open up its markets. What it does in theory, is to enable access to a market of potential investors that is more than 100 times larger than the current size of Hong Kong.


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