18 January 2019

China-HK mutual fund products recognition seen 2014, paper says

Mutual recognition of China and Hong Kong fund products is a key goal for the Hong Kong government this year, with the plan details likely to be unveiled soon, the 21st Century Business Herald reported Tuesday, citing comments made by K.C. Chan, Hong Kong’s Secretary for Financial Services and the Treasury, at an economic forum on Monday. The arrangement will only be applicable for funds denoted in Hong Kong and US dollars initially, the report said.

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