Liquidity tightening by the central bank has caused negative NAVs for bond funds across the yield curve. Heavy redemptions could cause problems, but hope remains.
The region’s funds industry saw $53 billion in net inflows in the first half of 2013, but the figure is sharply down year-on-year as a proportion of global flows.
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, 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.