The programme was initially expected to launch in 2015 but was delayed as authorities wanted to clamp down capital outflows.
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The programme was initially expected to launch in 2015 but was delayed as authorities wanted to clamp down capital outflows.
Wealth managers in Hong Kong should be allowed to market products to clients in the Greater Bay Area, among suggestions from the Private Wealth Management Association (PWMA) and KPMG.
The planned QDII2 programme will allow Chinese investors direct investment in offshore securities, but it is unlikely to spark interest, according to Stewart Aldcroft, Asia-Pacific senior adviser for markets and securities services at Citibank.
Despite the volatility in Chinese equity markets this year, industry sources say that they still like China – both from a regional and global context.
Part of the Mark Allen Group.