Another Hong Kong equity fund has been approved for distribution on the mainland under the Mutual Recognition of Funds (MRF) scheme, according to the China Securities Regulatory Commission (CSRC).
Tag: Mutual Recognition of Funds
BOCHK and Hang Seng score MRF approvals
Two Hong Kong equity funds managed separately by BOCHK Asset Management and Hang Seng Investment Management were approved for distribution to mainland domestic investors via the Mutual Recognition of Funds (MRF) scheme, according to the China Securities Regulatory Commission (CSRC).
Northbound MRF outflow continues in Q1
Funds sold under the China-Hong Kong Mutual Recognition of Funds (MRF) continued to see net outflows in March after an all-time high outflow in the previous month, according to data from the State Administration of Foreign Exchange (SAFE).
Korea equity fund to be sold under MRF
China’s Haitong International Asset Management seeks approval to distribute its Korea equity fund on the mainland under the Mutual Recognition of Funds (MRF).
Record net outflows for northbound MRF
During the market plunge in February, northbound products sold through the China-Hong Kong Mutual Recognition of Funds (MRF) scheme hit record net outflows, according to data from the State Administration of Foreign Exchange (SAFE).
China’s regulator approves three more FoFs
China’s regulator has given the green light to the second batch of funds of funds (FoFs), which are sold to domestic retail investors but could benefit funds sold through the Mutual Recognition of Funds scheme.
After 2.5 years, BEA Union fund gets MRF nod
The prolonged approval process for northbound funds via the Mutual Recognition of Funds (MRF) scheme will not deter BEA Union Investment Management from launching products via the fund passporting programme, the firm’s CEO Eleanor Wan told FSA.
Northbound MRF inflows weaker in 2017
The stronger renminbi may be behind a decline in sales of offshore fund products on the mainland via Mutual Recognition of Funds in 2017, said Rex Lo, BEA Union Investment’s managing director for business development.
Northbound MRF inflows plunge
Northbound funds under the Mutual Recognition of Funds (MRF) recorded weak sales performance in October, falling from a 13-month peak, according to data from the State Administration of Foreign Exchange.
Singapore and China eye mutual recognition of funds
In a recent agreement to strengthen links between the two countries, the Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) said they would explore an MRF scheme.
