Chief Executive CY Leung today welcomed the mutual recognition of funds arrangement between Hong Kong and the Mainland, saying it facilitates cross-boundary investment.
The plan will be implemented on July 1.
Mr Leung said it provides an excellent platform to promote the advancement of the asset management industry on the Mainland, which enables both places to enhance their competitiveness in the international asset management arena.
He added it further demonstrates Hong Kong's role as the connector between the country and rest of the world.
He thanked the Central Government for supporting Hong Kong's financial market development, adding he looks forward to the early implementation of the Shenzhen-Hong Kong Stock Connect to further promote the mutual access of the Hong Kong and Mainland capital markets.
