HONG KONG: SFC publishes annual Fund Management Activities Survey

Wednesday July 27 2016

The Securities and Futures Commission (SFC) of Hong Kong today released its annual Fund Management Activities Survey (FMAS) showing that the combined fund management business in Hong Kong decreased slightly by 1.6% year-on-year to $17,393 billion as of 31 December 2015.

The FMAS report also notes that the SFC is actively pursuing strategies to enhance the market infrastructure for the asset management business in Hong Kong. Following on from the implementation of the Mainland-Hong Kong MRF scheme, the SFC intends to continue to explore similar cooperation arrangements with other jurisdictions.

Other proposed initiatives include introducing a new legal and regulatory framework for open-ended fund companies, developing online and alternative fund distribution platforms, and working closely with the industry to broaden the types of fund products.

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