Europe-HK relations warming over Ucits

A senior EU policymaker has lauded warming ties between the European Commission and Hong Kong’s securities regulator. Tilman Lueder, head of asset management in the EC’s internal market and services department, discussed the issue with Hong Kong's Securities and Futures Commission (SFC) during a recent visit to the city. A good working relationship between the European Commission and SFC is important, he added, because nearly 70% of the 1,800 funds distributed in Hong Kong are U…