Chinese investors pour capital into offshore assets to protect against exchange rate fluctuations.
Tag: MRF
Third asset manager joins Swiss-HK MRF
Despite the Hong Kong firm joining the cross-border distribution scheme, there is little interest from the industry.
HSBC Global in aggressive MRF push
At the same time, Chinese investors have continued to pour money this year into Hong Kong-domiciled funds sold in the mainland via the MRF scheme.
China to relax onshore fund rules
Separately, a UK-China MRF programme is in the pipeline and more UK firms are expected to set up WFOEs in China.
Hong Kong and Netherlands sign MRF agreement
The Securities and Futures Commission (SFC) and the Dutch Authority for Financial Markets (AFM) have entered into a memorandum of understanding (MoU) on mutual recognition of funds (MRF).
Haitong International receives first MRF nod
Northbound funds also saw positive net sales in February after three consecutive months of net outflows.
Are you selling the right funds?
Hong Kong investors have tended take a pass on the sub-asset classes that are likely to continue outperforming.
HSBC launches MRF fund in China
HSBC Global Asset Management has launched its first northbound fund into mainland China, but investor sentiment there is muted.
JPMAM to launch two MRF funds
JP Morgan Asset Management (JPMAM) has gained approval from China’s regulator to distribute two funds into the mainland through the Mutual Recognition of funds scheme.
Hong Kong to extend MRF to Luxembourg
Hong Kong’s Securities and Futures Commission and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) have signed an a memorandum of understanding on the mutual recognition of funds scheme.
