China Securities Regulatory Commission and Securities & Futures Commission of Hong Kong respectively received some 10 applications for registration of mutual recognition of funds between Chinese mainland and Hong Kong.
The start of the mutual recognition of funds between the mainland and HK will allow fund sales to investors on each other's market in accordance with related rules. J.P. Morgan Asset Management and China International Fund Management are the first batch of fund companies to apply for mutual recognition of funds between Chinese mainland and Hong Kong. Su Na, analyst with Zero1IPO considers that the start of the mutual recognition of funds between the mainland and HK will boost the development of the two capital markets with diversified investment environment.
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