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SFC receives applications from 11 funds since MRF scheme launch

Three days after the launch of the China-Hong Kong Mutual Recognition of Funds scheme, 11 funds from eight asset managers have applied to be eligible for northbound distribution. A recent statement by Julia Leung, the SFC’s executive director of the investment products division noted that about 100 Hong Kong-domiciled funds would be eligible for distribution to the mainland. During a…

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