Post by account_disabled on Feb 25, 2024 12:16:58 GMT 7
Hong Kong - Thailand signed an agreement to open mutual fund offerings under the HK-TH MRF framework. The Securities and Exchange Commission (SEC) and the Securities and Futures Commission (SFC) of Hong Kong signed a memorandum of understanding (MoU) on January 20, 2021 to prepare for the launch of mutual fund offerings between Hong Kong and Hong Kong. Thailand to general investors During the second quarter of 2021 The Mutual Recognition of Funds between Hong Kong Special Administrative Region of the People's Republic of China and Thailand (HK-TH MRF) is a cooperation to facilitate asset management companies. Funds (asset management companies) in offering investment units between Hong Kong and Thailand As well as helping to strengthen the competitiveness of Thai business operators in the international arena. and increase product diversity in the Thai capital market It is a project that uses mutual recognition standards for mutual funds (Mutual Recognition). It is also the first project in Thailand for mutual funds.
Ms. Ruenwadee Suwanmongkol, Secretary-General of the SEC, said: “The HK-TH MRF project British Student Phone Number List is another important step in bilateral cooperation between Hong Kong and Thailand. This is in line with the guidelines for capital market cooperation according to the Memorandum of Understanding on Strengthening Economic Relations between the Government of the Kingdom of Thailand and the Government of the Hong Kong Special Administrative Region. People's Republic of China which was signed on November 29, 2019, as well as being the result of discussions between senior executives of the SEC and SFC on May 30, 2019. The HK-TH MRF project will help strengthen Economic relations to make concrete progress Including the capital market, both agencies have agreed to immediately shorten the time for considering applications for approval to establish feeder mutual funds offered to general investors within the country. They must invest in mutual funds that meet the agreements under the HK-TH MRF (MRF-eligible master fund) project, which is considered to have the qualifications according to the investment criteria set by each agency.
Receive expedited consideration of requests for establishment approval (expedited review).” Mr. Ashley Alder, CEO of SFC Hong Kong, said: “The HK-TH MRF project will help promote capital market connectivity in Asia. In addition to opening business avenues and increased channels for offering mutual funds for sale abroad to asset management companies. It also gives investors more investment options.” In this regard, mutual funds that have been approved to be established and offered for general sale from the country in which the fund is established (home country) with characteristics that comply with the relevant rules of the home country and additional requirements in the MoU can be offered for sale of investment units to investors. general funds in another country (host country) through agents selling investment units licensed in the host country. The SEC will improve the rules to support the offering of mutual funds under the said project.
Ms. Ruenwadee Suwanmongkol, Secretary-General of the SEC, said: “The HK-TH MRF project British Student Phone Number List is another important step in bilateral cooperation between Hong Kong and Thailand. This is in line with the guidelines for capital market cooperation according to the Memorandum of Understanding on Strengthening Economic Relations between the Government of the Kingdom of Thailand and the Government of the Hong Kong Special Administrative Region. People's Republic of China which was signed on November 29, 2019, as well as being the result of discussions between senior executives of the SEC and SFC on May 30, 2019. The HK-TH MRF project will help strengthen Economic relations to make concrete progress Including the capital market, both agencies have agreed to immediately shorten the time for considering applications for approval to establish feeder mutual funds offered to general investors within the country. They must invest in mutual funds that meet the agreements under the HK-TH MRF (MRF-eligible master fund) project, which is considered to have the qualifications according to the investment criteria set by each agency.
Receive expedited consideration of requests for establishment approval (expedited review).” Mr. Ashley Alder, CEO of SFC Hong Kong, said: “The HK-TH MRF project will help promote capital market connectivity in Asia. In addition to opening business avenues and increased channels for offering mutual funds for sale abroad to asset management companies. It also gives investors more investment options.” In this regard, mutual funds that have been approved to be established and offered for general sale from the country in which the fund is established (home country) with characteristics that comply with the relevant rules of the home country and additional requirements in the MoU can be offered for sale of investment units to investors. general funds in another country (host country) through agents selling investment units licensed in the host country. The SEC will improve the rules to support the offering of mutual funds under the said project.