China's new pension rules set to rekindle MRF interest
The country’s trial rules on pension products should encourage Hong Kong managers to reconsider opportunities to sell funds through the mutual recognition scheme.
China has decided that voluntary pension products sold in the mass market will use the funds of funds (FOFs) format, and can include approved Hong Kong-domiciled funds as underlying vehicles.
The development looks set to reignite the thus-far muted interest of Hong Kong fund managers in selling funds through the mutual recognition of funds (MRF) scheme.
The trial rules on the pension securities investment fund, which were announced by the China Securities Regulatory Commission (…
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