AI and virtual assets could benefit from Hong Kong’s budgetary measures.

AI and virtual assets could benefit from Hong Kong’s budgetary measures.
Foreign investors will receive equal treatment to local investors in the long term, according to asset managers.
Most funds will have a RMB share class when they are offered through the Wealth Management Connect (WMC) scheme.
Net outflows from retail fund sales in Hong Kong in the first half of the year were greater than during the global financial crisis, according to HKIFA data.
Despite severe challenges, Hong Kong’s fund management industry has a positive outlook over the next five years, according to a report by the Hong Kong Investment Funds Association (HKIFA) and KPMG.
In March alone, $7bn in capital fled fixed income products, particularly from global and Asia-focused bond funds.
For asset managers’ Hong Kong marketing teams, the year was all about bond funds.
It’s hard to believe given Hong Kong’s troubles, but net inflows in 2019 are the highest on record, driven by fixed maturity products.
Sector or thematic products accounted for nearly a quarter of the net redemptions in equity funds sold in Hong Kong during the first half this year.
Investors need clearer understanding about how ESG principles are deployed in listed companies, and the board of directors should take responsibility, argues the Hong Kong Investment Funds Association (HKIFA).
Part of the Mark Allen Group.