SFC’s Choi responds to concerns on MRF delays
The Hong Kong watchdog's investment products head pointed to the imbalance of fund flows under the mutual recognition scheme. She also commented on the SFC's fee-disclosure proposals.
Faced with asset manager frustration at the delay in mutual recognition fund approvals, Hong Kong’s top investment products regulator has responded that the watchdog was “cautious about the imbalance of fund flows” between China and Hong Kong.
The money pouring into the Hong Kong-domiciled products has far oustripped the amount going into Chinese funds.
The comments by Christina Choi, executive director for investment products at Hong Kong’s Securities and Futures Commission (SF…
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