Hong Kong to update fund regulations
The review of rules governing funds is aimed at making Hong Kong more competitive in the region, as mainland investors continue to search for overseas investments.
Hong Kong will review and update regulations governing funds in the hope of attracting more fund management companies, industry professionals, and fresh money to the territory. The Securities & Futures Commission (SFC), which regulates the fund industry, will review its Code on Unit Trusts and Mutual Funds, according to SFC deputy CEO Alexa Lam, who is also executive director of the regulatorÆs policy, China and investment products divisions.The planned updates to the code are aim…
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