Mainland-Hong Kong Mutual Recognition of Funds enhancements to take effect on 1 January 2025

The Securities and Futures Commission (SFC) welcomed the publication of revised guidelines by the China Securities Regulatory Commission (CSRC) and other regulators to implement enhancements to the Mutual Recognition of Funds (MRF) scheme. These measures, effective from 1 January 2025, include tripling the sales limit for Hong Kong funds in Mainland China and relaxing delegation restrictions, enabling international asset managers to offer more offshore products to Mainland investors. The SFC highlighted the expanded business potential and product diversity these changes bring, injecting new momentum into cross-border fund collaboration.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR217