Where do alt funds stand under HK-China plans?
Mutual funds will be the primary focus of the proposed cross-border fund scheme, although China could be receptive to participation by private equity, says Ernst & Young.
Alternative funds may not have a place at the table when the Hong Kong-China mutual recognition scheme is formalised, although separate provisions may later be put in place for private equity, predicts Roy Stockell, Asia-Pacific asset management leader at Ernst & Young.
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