The change of leadership at China's securities regulator will not slow the progress of the cross-border fund mutual-recognition scheme, says Hong Kong's Securities and Futures Commission.
Lawyers say the revolutionary mutual-recognition funds platform with mainland China will not necessarily bestow the status of Asian asset management hub the city so craves.
Alexa Lam’s speech on a mutual-recognition funds platform between HK and China was high on rhetoric but short on detail. Here we raise key issues that need to be addressed.
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.
The bank agrees to repurchase market-linked and equity-linked notes issued between March 2007 and June 2008 for 80% of total value, estimated at $136 million overall.
The Hong Kong SFC's chief executive acknowledges the benefits of additional trading venues, but raises concern over whether diverse platforms can be accessible in a non-discriminative way.
The reappointment of Alexa Lam as deputy CEO of Hong Kong’s Securities and Futures Commission is seen as good for the continuity of relations with mainland China.