On 8 December, Partner Alwyn Li was quoted in an Asia Asset Management (AAM) article that highlighted the latest approval figures of the Securities & Futures Commission (SFC) on new funds via the Mainland-Hong Kong Mutual Recognition of Funds (MRF) scheme.
Alwyn commented on the regulator’s approach: “The approval process [for the CSRC and the SFC] has obviously slowed down compared to the amount of funds they approved at the early stage. It might be due to the control of capital outflow.”
AAM noted that Alwyn also felt that although some northbound funds, including the two approved this year, have drawn positive response in China, the regulators are not expected to speed up approvals anytime soon.
Please find the full article online.