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2018: A year of optimism for the global fund industry

Fund companies will stand to gain by understanding how cross-border sales, technological advancement and evolving regulatory environments impact their businesses.

As more frameworks that support cross-border fund sales are put in place, more jobs will be created as new back- and middle-office operational hubs emerge. As a result, we could see HK and other Asia markets sign cross-border agreements in 2018.

THE year 2017 has been a transitional period, not only for Asia's fund industry, but globally. Fund passporting schemes, new financial technologies and regulatory support for fintech development have all gained momentum.

Next year will also bring developments such as additional cross-...