HK-Swiss MRF deal fuels manager frustration
Industry participants are questioning the motivation behind and benefits of Hong Kong's new agreement with Switzerland on mutual recognition of funds.
Why is Hong Kong’s markets watchdog working on mutual recognition of funds (MRF) with Switzerland when the original MRF passporting link with China is still not operating as it should?
That is a question being posed by industry observers, given asset managers’ frustration over how long it is taking for Hong Kong funds to be approved for sale in China.
What's more, some market participants are sceptical as to the real benefits of a Hong Kong-Switzerland MRF scheme, for a number …
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