Hang Seng Bank (00011) welcomes the Mainland-Hong Kong Mutual Recognition of Funds initiative.
"In broadening the range of cross-border investment channels and further opening up the capital account in mainland China, this move represents a major milestone in the development of investment markets on the Mainland and in Hong Kong. The initiative allows fund industries in both markets to pursue new business opportunities and offer more investment options to investors." said Andrew Fung, executive director and Head of Global Banking and Markets of Hang Seng Bank.
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