Newsflash: Hong Kong-PRC Mutual Recognition Scheme: Finally, a Reality!

May 25, 2015

In a week of dramatic newsflashes from the China Securities Regulatory Commission (CSRC), last Monday (18 May 2015) it announced measures to address lingering concerns over the issue of beneficial ownership of shares purchased via the Hong Kong-Shanghai Stock Connect program; at the end of the week on Friday (22 May 2015) it jointly announced with the Hong Kong Securities and Futures Commission (SFC) that the two regulators had signed a Memorandum of Regulatory Cooperation on the Mainland-Hong Kong Mutual Recognition of Funds, which will be implemented on 1 July 2015, almost 2.5 years after it was first announced by the SFC.

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