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MRF applications on hold, year-end approval "maybe"

Approval of the first batch of funds under the Hong Kong-China Mutual Recognition of Funds (MRF) scheme has been delayed till possibly end-November, sources say, with the rate of applications slowed down by market volatility. The scheme was officially launched on July 1 between Hong Kong’s Securities and Futures Commission (SFC) and the mainland’s China Securities Regulatory Commission (CSRC), with…

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