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Wing Lung Bank to onboard 16 funds from southbound MRF channel

Wing Lung Bank has confirmed it will be part of the first Mutual Recognition of Funds (MRF) flow between Hong Kong and Shanghai, with the name of approved funds expected to be released before the year is out. Wing Lung, owned by China Merchants Bank, expects to onboard 16 funds from mainland Chinese fund houses, which include local joint ventures,…

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