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Cross-border fund distribution schemes a non-event for private banking in the short-term

Despite the furore in the retail world around various cross-border fund distribution schemes on the verge of launching in Hong Kong and Singapore, the private banking industry appears to view the initiatives as a non-events. Earlier this month, deputy chief executive officer of the Securities and Futures Commission (SFC), Alex Lam spoke at the Hong Kong Investment Funds Association’s (HKIFA’s)…

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