The long-awaited launch of the Mutual Recognition of Funds (MRF) has finally occurred but private banks in Hong Kong are not rushing to cover the new product space, preferring to take a wait-and-see approach to the matter. DBS is among the banks already in conversations with Chinese asset managers, aiming to on-board around two funds from the universe of onshore…
Private banks cautiously monitoring MRF following launch
3 July 2015
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