The firm intends to focus on offering FOFs in China.
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The firm intends to focus on offering FOFs in China.
The Chinese, Hong Kong and Macau financial regulators have agreed supervisory, enforcement and liaison arrangements for the Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Italian firm Azimut and Korea’s Mirae Asset are also expected to roll out private funds to qualified mainland investors.
Mainland investors have preferred domestic securities over offshore investments.
Following its acquisition of a Hong Kong-based firm.
On top of its QDLP business, the firm also runs a private fund management (PFM) business in the mainland.
The firm manages the most number of L&I products in the SAR.
Most of the recipients were fund management companies.
Part of the Mark Allen Group.