SFC unveils landmark cross-border RMB funds scheme
Alexa Lam, deputy CEO of the Securities and Futures Commission, outlines her vision of a "breakthrough" mutual recognition platform for public funds between HK and the mainland.
Hong Kong’s securities regulator has urged managers in Hong Kong and mainland China to prepare for a major breakthrough in cross-border distribution: a platform to facilitate the launch of RMB mutual funds in each others’ domestic markets.
News of the initiative was delivered in a speech yesterday by an evidently excited Alexa Lam, deputy CEO of the Securities and Futures Commission (SFC), during a forum hosted by the Hong Kong Securities and Investment Institute.
Under the arra…
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