They include HSBC which will distribute three Asia bond products to Mainland investors.
Northbound funds surge in 2019, reverse downward trend
Hong Kong-domiciled products sold in the mainland (northbound funds) doubled assets from January to December, driven by Chinese investors seeking offshore diversification.
Hong Kong and Thailand plan MRF agreement
The development should be positive for China-focused products in Hong Kong, as there are only a few funds in Thailand providing exposure to the mainland.
E Fund Management readies MRF bond fund
The Hong Kong subsidiary aims to launch a northbound fund targeting mainland investors.
MRF products suffer two-way outflows
China onshore investors exited Hong Kong-domiciled funds in October, according to China’s State Administration of Foreign Exchange (Safe).
China clears three firms for northbound MRF
One of the products that received approval is sub-advised by Aberdeen Standard Investments.
Northbound fund inflows set another high
Hong Kong-domiciled products sold in the mainland (northbound funds) continue to gather assets.
Northbound MRF inflows reach record high
But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.
Pictet AM makes a move on China
The firm aims to participate in the Hong Kong-China Mutual Recognition of Funds (MRF) scheme.
Northbound MRF inflows at nearly $1bn
Onshore money seeks offshore exposure and Broadridge says some popular northbound funds have an absolute return flavour.