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.