HK-China mutual recognition forecast to flop
The proposed scheme will fail to live up to the hype initially because the size of the opportunity needs to be put into perspective, says Shiv Taneja of Cerulli.
The Hong Kong-China mutual fund recognition scheme will give rise to intense disappointment when it is launched, while the next jurisdiction to join it might not be Asian, believes Shiv Taneja of Cerulli Associates.
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