Lisa Lou will be responsible for managing State Street’s global services business for China and leading the bank’s China strategy.
Hong Kong has accelerated its goal to become the next global fund hub through a number of investment access programmes with China.
China’s capital market reforms – having faced pointed questions about their viability and durability initially – are steaming ahead.
Standard Chartered head of Hong Kong securities services expects the new settlement model to go live in October.
A number of firms have commenced transactions using the Chinese Bond Connect venture which went live this morning.
China has seen numerous reforms in the last several years and the Bond Connect initiative looks like the next major step for the country.
Bond Connect will be established as trading link between Mainland China and Hong Kong.
MSCI includes 222 of China’s A-shares within its Emerging Markets index after several years of waiting.
BNP Paribas’ report predicts Chinese fund managers will look overseas to expand their client base.
While initiatives like Mutual Recognition of Funds will help help Hong Kong become an international fund hub, the industry should not expect rapid results.