China is looking at allowing Hong Kong-domiciled funds to be sold on the mainland and vice versa. The scheme is a highlight of Supplement 10 of the Closer Economic Partnership Arrangement agreement, which was signed on 25 August by the Hong Kong and central Chinese governments. Other measures include allowing joint ventures involving Hong Kong securities firms to conduct a wider array of business and allowing their shareholdings in joint ventures to be increased from 49 per cent to 51 per cent.
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Hong Kong funds to be available in China
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