China launches its first funds mutual recognition scheme

 

On 22 May 2015, the China Securities Regulatory Commission and Hong Kong Securities and Futures Commission jointly announced a scheme allowing the cross-border sale of investment funds between Mainland China and Hong Kong. The scheme will take effect on 1 July 2015, aiming to apply equivalent eligibility requirements to funds of both markets seeking recognition in each other’s market.

In this alert, we consider the framework presented in the recent announcements together with some of the relevant issues which might impact your business.

Read more