Hong Kong and Taiwan are set to sign a memorandum of understanding (MoU) which will ease regulations governing mutual funds on both sides, according to reports in the regional media.
Reporting on the matter this week, Taiwan's Commercial Times revealed that under the terms of the agreement, expected to be signed next month, Taiwan and Hong Kong will recognize each other as legitimate markets for mutual fund sales.
As a consequence of the forthcoming MoU, Taiwanese investment trust firms may be able to market their offerings in the SAR as soon as February, whilst Taiwan will raise the limit for investment by offshore funds in Hong Kong's H-shares and red chips from 5% to 10%.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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