Clearstream Banking S.A., Deutsche Börse Group’s post-trading services provider, and the Shenzhen Securities Communication Co., Ltd (SSCC), opened a direct connectivity for fund order routing of Mainland China-domiciled funds. The link is established under the Mainland China-Hong Kong Mutual Recognition of Funds (MRF) programme, which allows Hong Kong and Chinese asset managers to distribute recognised funds in both jurisdictions.
The new link between the SSCC and Vestima, Clearstream’s central platform for fund services, facilitates the direct processing of cross-border investment fund transactions between Mainland China, Hong Kong and international market participants. Clearstream customers can now send orders for Mainland China funds under the MRF scheme, and fund...
|