HKIFA Beijing Delegation

HKIFA organised a delegation trip to Beijing on Jul 21-22 to meet with Mainland authorities and industry peers, including the China Securities Regulatory Commission (CSRC), People’s Bank of China (PBOC),  State Administration of Foreign Exchange (SAFE), Asset Management Association of China (AMAC), Bosera Asset Management, and LLinks Law Offices.

The delegation was led by Chairman Sam Yu, Vice-chairman Elisa Ng, and Mainland Subcommittee co-chairs Charles Li and Garin Sun, and joined by honorary advisor Stephen Po, Executive Committee members and representatives from HKIFA member firms.

We engaged in productive discussions on key industry developments and market trends in both Hong Kong and the Mainland China, such as investor preferences, regulatory updates, observations on cross-border investment schemes, and investor education.

The continuous enhancements to the Mutual Recognition of Funds scheme (MRF) and Wealth Management Connect (WMC) reflect the Central Government’s steadfast support for the Hong Kong asset and wealth management industry.  At the same time, the growing interest and utilisation of these schemes underscore Hong Kong’s indispensable role as the superconnector between Mainland China and global markets.

We deeply value the opportunities to exchange insights and perspectives. We are committed to strengthening our ties with our Mainland counterparts, and reinforcing Hong Kong’s position as the international asset and wealth management hub.

HKIFA will continue working with the members to identify the right business opportunities to expand the connectivity with Mainland investors. Nevertheless, we are tasked to work with the relevant authorities  to bolster ongoing investor education initiatives. 🌏🔗🤝