Europe makes it easier to tap China stock link
Hong Kong
EUROPE'S main funds regulator has introduced a "fast-track" procedure for approving mutual funds that wish to participate in a landmark Hong Kong-China equity trading scheme.
The announcement, made by the Association of the Luxembourg Fund Industry (ALFI) on Tuesday, comes amid growing industry frustration over European regulatory hurdles that have prevented many asset managers from participating in the Shanghai-Hong Kong Stock Connect scheme.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
Australia banks shower investors with A$5 billion in buybacks
Bank of Japan’s Ueda signals chance of policy action if yen moves affect inflation
Fed’s Kashkari says rates likely on hold for ‘extended period’
FTX has billions more than needed to pay bankruptcy victims