HK deal on mutual funds seen by Q2

15-Jan-2020 Intellasia | BangkokPost | 6:02 AM Print This Post

The Securities and Exchange Commission (SEC) is set to sign a memorandum of understanding with its Hong Kong counterpart on fast-track approval of cross-border investment in mutual funds by the second quarter.

After the agreement is signed, both parties will amend regulations to ease cross-border mutual fund investment, Nataya Niyamanusorn, the SEC’s assistant secretary-general, said on the sidelines of a meeting with Hong Kong regulators.

The current filing process for cross-border mutual fund investment is a lengthy ordeal, she said.

Finance minister Uttama Savanayana said Hong Kong’s authorities support easier cross-border mutual fund investment.

Meanwhile, Stock Exchange of Thailand president Pakorn Peetathawatchai said the agreement will come as a boon to Thai investors, as they can more easily access China’s stock market through the Shanghai-Hong Kong Stock Connect scheme.


Category: Thailand

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