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Cross-border RMB scheme: good or bad for HK?

Lawyers say the revolutionary mutual-recognition funds platform with mainland China will not necessarily bestow the status of Asian asset management hub the city so craves.
Cross-border RMB scheme: good or bad for HK?

One question on the lips of fund managers in Hong Kong and elsewhere is whether the proposed cross-border funds initiative with mainland China will enhance or damage the city’s ambition to become Asia’s key asset management hub.

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