MRF – Sub Transfer Agency Services

Definition：

§ Mutual Recognition of Funds (MRF) between mainland China and Hong Kong is a scheme jointly launched by the China Securities Regulatory Commission (CSRC) and Hong Kong Securities and Futures Commission (SFC). Under the scheme, eligible Mainland and Hong Kong funds can be distributed in each other’s market through a streamlined vetting process.
Eligible Mainland funds should appoint a sub-transfer agency for proceeding subscription and redemption orders from distributors.

Advantages：

§ Recognized by SFC as one of the first batch southward fund sub-transfer agents.

§ Well communicate with relevant onshore/offshore regulators and familiar with all serving procedures.

§ Relying on the BOCOM Group’s retail banking network, BOCOM can assist in fund sales services in Hong Kong.