Asset managers tip HK to be Asia’s top funds hub

Asset managers expect Hong Kong to become Asia’s leading cross-border funds domicile ahead of Chinese cities and  Singapore, despite challenges they envisage for the territory, finds a global survey due to be released today by custody bank Brown Brothers Harriman. They are bullish on Hong Kong as a result of its links to mainland China, despite the slow take-off of the mutual recognition of funds (MRF) passporting scheme. But they flag regulation, product registration speed (or…