CSRC won't hinder cross-border scheme: SFC

The deputy head of Hong Kong’s securities watchdog has dismissed speculation that the new chair of the China Securities Regulatory Commission will hinder the launch of the China-Hong Kong mutual-recognition scheme for funds. Under the scheme, announced in January by Hong Kong’s Securities and Futures Commission, qualified SFC-authorised funds domiciled in Hong Kong will become “recognised Hong Kong funds”, while Chinese counterparts will become “recognised mainland funds”. These f…