Hong Kong has attracted a rising number of international funds ahead of a much-anticipated cross-selling agreement between the city and mainland China, South China Morning Post reported. Data from the Securities and Futures Commission show the number of Hong Kong-domiciled funds has increased in the past few months while those elsewhere have declined. The number of Hong Kong-domiciled funds stood at 328 at the end of September, up 7.5% from the end of March. The agreement, to be signed soon, would allow Hong Kong-domiciled funds to be sold on the mainland and mainland-domiciled funds to be sold in Hong Kong.
Categories