Deep dive into some of the latest regulatory developments in the mainland fund market (e.g. FMC, QDII, Connect Schemes, private funds).
The Greater Bay Area (GBA) has become the engine of the national economy. GBA includes the Hong Kong SAR, Macao SAR and nine cities in the Guangdong Province. With the growth in the middle class in GBA, there is penchant demand for wealth management services. The Cross-boundary Wealth Management Connect (WMC) is best positioned to meet this need – it can enable GBA investors to fully leverage on the HK platform to avail of world-class professional investment management services. Through WMC, they can diversify across asset classes and markets on a global basis so as to capitalise on global investment opportunities.
The Hong Kong Investment Funds Association (HKIFA) is committed to promoting the development of Hong Kong fund management industry so as to entrench Hong Kong’s position as a fund management centre. In addition, we are committed to undertaking investor education initiatives so as to facilitate investors to make informed decisions. The WMC educational forum hosted best exemplifies our educational mandate. Under WMC, we also play another important role – acting as a bridge between the industry and regulators. We will continue to work closely with regulators to continue to enhance the product scope and services of WMC, so as to enable that the Scheme can best serve the wealth management needs of GBA investors.