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First cross-border funds named under MRF scheme
January 13, 2016 |
Front | News |
The first batch of three Hong Kong and four mainland funds was approved under the cross-border Mutual Recognition of Funds (MRF) scheme before Christmas. The China Securities Regulatory Commission (CSRC) registered three out of 17 Hong Kong domiciled funds that applied for public offering on the Chinese mainland since the MRF took effect on July 1. Meanwhile, the Securities and Futures Commission (SFC) of Hong Kong also approved four mainland funds among 30 applications received for distribution in Hong Kong.
The three Hong Kong funds approved for mainland distribution are Hang Seng China H-Share Index Fund, ZEAL Voyage China Fund and JPMorgan Asian Total Return Bond Fund. A complete list of Hong Kong domiciled funds approved by the China Securities Regulatory Commission (CSRC) for mainland distribution ("Northbound") including Factsheets and offering documents can be found here. As new funds will be approved we will update the list accordingly.