HSBC Global Research said the long-awaited rollout of the mutual recognition of fund (MRF) initiative represents great opportunity for overseas asset managers.
Fund recognition will allow international asset managers to sell their Hong Kong-registered fund products directly to Chinese investors for the first time. This would be an important milestone for overseas asset managers to expand their business to China.
Meanwhile, China's middle class and wealth are growing, but they have limited options to invest abroad. The Hong Kong market offers better value compared with A-shares. Year-to-date, the Shanghai and Shenzhen markets have surged 44% and 94% respectively, and the Hang Seng is up 18%.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
