As of January 2017, CACEIS features on the Hong Kong Securities & Futures Commission’s list of authorised trustees for Hong Kong-domiciled funds. Hong Kong-domiciled funds allow asset managers to access the Chinese onshore retail market as part of the Mutual Recognition of Funds (MRF) programme. The MRF programme enables managers of Hong Kong and Chinese-domiciled funds to distribute their products in both jurisdictions.
When appointed as trustee for a Hong Kong domiciled fund, CACEIS can assist in obtaining authorisation from the Securities & Futures Commission. Furthermore, as a member of the Hong Kong Trustees’ Association, CACEIS’s services are governed by the association’s best practice principles and guidelines, ensuring a high standard of professional conduct.
CACEIS in Hong Kong provides comprehensive fund distribution support and related services to clients active in the Asian market. And by leveraging the group’s considerable experience in the European depositary/trustee space, CACEIS can ensure its clients are well positioned to make the most of the business development opportunities offered by the Mutual Recognition of Funds programme.