Setting up OFCs is said to save time and cost for managers establishing funds at other domiciles and distributing funds in Hong Kong.
The partnership signals how banks are now more open to FinTech collaboration enhance non-differential processes in the middle- and back-office.
Around 70% of the nearly 230 mainland-traded stocks joined MSCI’s emerging markets and global indexes on Friday.
Industry experts seem to have opposing views on what benefits a London-China Stock Connect would bring, so we look at how the scheme would benefit investors.
John Van Verre had been stationed in London since 2011, after he first joined HSBC Securities Services in Singapore.
Hong Kong has accelerated its goal to become the next global fund hub through a number of investment access programmes with China.
Asian acquisition follows hot on the heels of US deal to widen firm’s geographic footprint.
Bond Connect will be established as trading link between Mainland China and Hong Kong.
Deal will enable China-focused fund manager to access HK-Swiss scheme.
Authorities in Hong Kong and Australia have signed an agreement to foster innovation in Asia.