Hong Kong funds market leads Asia evolution

Asia’s fund landscape is undergoing an evolution led by Hong Kong in which managers' capabilities will become portable cross-border, incentivising regulators to sign bilateral agreements. Philippe Ricard, head of asset and fund services at BNP Paribas Securities Services, presents this view as a more imminent development than the much-touted funds passport initiative. He says Chinese managers operating in Hong Kong are driving the evolution. The fact they can invest clients’ mon…