China promises to grant more RQFII quota to Hong Kong and to promote mutual access to bond markets, but is vague about the launch of ETF Connect and MRF review, according to the latest pact signed by China and Hong Kong.
Tag: Hong Kong
BOCHK fund hits MRF asset limit
The BOCHK All Weather China High Yield Bond Fund has stopped subscriptions after it approached the 50% limit of assets gathered in the mainland as MRF fund flows increased.
Study: HK Asia’s top city for UHNW
Hong Kong has the most number of ultra-high-net-worth (UHNW) individuals in Asia and globally it ranks second, according to the Wealth-X 2017 ultra wealth report.
BEA, Harvest to test Swiss-HK MRF scheme
Harvest Global Investments became the first fund house to apply for the mutual fund cross-border sales scheme to tap Swiss investors, and BEA Union Investment intends to follow.
HK’s mutual fund assets hit $1.38trn
Hong Kong’s mutual fund assets are up 8% year-on-year to $1.38trn, according to the Securities and Futures Commission’s 2016-2017 annual report.
Singapore, HK to outpace Switzerland for offshore wealth
Singapore and Hong Kong remain the fastest-growing offshore centres and are set to outpace Switzerland when it comes to attracting wealth from abroad, a new report predicts.
In case you missed it – Asian Funds News and Analysis
HK’s private wealth association adopts “Treat Customers Fairly” charter; Schroders hires from SLI for multi-asset role; Hang Seng names new CEO; China Foreign Exchange Trade System and HKEX form Bond Connect JV; Massive recruitment from Chinese fund houses in Hong Kong, according to Aquis Search; HK’s Court of Appeal dismisses Moody’s appeal; and others…
SFC CEO hopes to break PB grip on fund distribution
Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, took a swipe at bank distributors while professing optimism for the mutual recognition of funds (MRF) scheme, which he aims to expand.
Hong Kong tops global competitive ranking
Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.
FSA Long-Term Investing Forum Hong Kong 2017
We present photo highlights of the FSA Long-Term Investing Forum in Hong Kong, held on May 23 at the Island Shangri-La Hotel.
